Gain that is achieved from something or someone
Profit will be called the gain or benefit that someone can obtain from something, a good, an object or from someone. For example, commercial companies have as their main mission and raison d’être profit, that is, through their activity, extract a specific economic benefit from it..
People also often make a profit from personal property that they own. They lease them and in this way obtain a concrete profit from them.
A company will be considered profitable when its total income exceeds those total costs, both production and distribution. Meanwhile, when the opposite occurs, that is, when expenses and costs are the ones that prevail in the trade balance, then we will have to talk about a scenario of losses in which profit will be impossible to obtain.
Economic activity is always for profit
However, all economic activities have the purpose of obtaining a profit, that is, of making a profit, since it is necessary to obtain the necessary resources to maintain the activity in question, which includes employees, structural expenses, mobility, among others, and also to meet the needs of those who manage the business or company.
The other side: non-profit organizations
On the opposite side we find non-profit organizations or associations, which are called precisely that because they do not pursue their activity to obtain any economic benefit, they are only moved by altruism, the achievement of the common good and the well-being of the group. which they represent or protect.
Charity associations are clear exponents of this type of non-profit grouping. They offer their disinterested help to those who need it because they find themselves in a situation of exclusion and they do so by bringing them everything they demand to overcome that state of destitution or catastrophe.
profit motive
On the other hand, the term profit corresponds to a widely spread concept in the field of law. Because for example, the profit motive It is the intention that a person observes to be able to increase their patrimony through a legal act. Of course, like any question within the law, it will be regulated through the signing of a contract.
This figure is extremely important at the request of the law because it allows the configuration of criminal actions of recurring development such is the case of fraud, fraud and the illicit enrichment of public officials.
Fraud is one of the most common economic crimes in societies and one of the oldest by the way. His commission is punishable by all the laws of the world.
For its part, the case of the illicit enrichment of public officials is also a situation that occurs frequently. The rise to power, unfortunately, tempts many officials who cannot resist the possibility of generating some business as a result of their position and public office.
It is also punishable by law but we must say that in most cases it is a difficult crime to prove due to the protection that governments usually give to their officials accused of this crime.
loss of profit
Another of the concepts linked to the term and to the field that concerns us is that of loss of profit. Loss of profits will be considered to be the patrimonial damage that is generated as a consequence of the loss of an economic utility, or failing that, of a legitimate profit after the occurrence of a harmful situation. That is to say, the lost profit is that which has ceased to be earned and that in fact would have been achieved if the unfortunate damage in question had not occurred.
To confirm that we are specifically facing a scenario of loss of profit, it will suffice to determine that there is indeed a certain prospect of profit.
If I work using the Internet and this turns out to be the main tool that I have to generate my income, then, suddenly, the service that I have contracted goes down for two days, obviously this situation will hinder the development of my work by doing that I can’t fulfill it. If I was able to reliably prove that my income was severely affected and decimated due to this cut, I could demand compensation from the company providing the service for the loss of profit that it caused me and thus recover costs due to my loss of income.
Whether the compensation is a fact will depend fundamentally on my being able to prove the loss of earnings and the direct relationship with the damage caused. It will also be necessary to be able to demonstrate what was not received economically as a result of the failure of the service.
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