The difference between what a productive resource receives as payment for its use in production and the cost of bringing that resource to the market is called profit.

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Quizplus · Accepted Answer

The difference described is called economic rent, not profit. Profit is the financial gain realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity. Economic rent refers to the payment to a factor of production in excess of what is needed to bring that factor into production.

The Difference Between What a Productive Resource Receives as Payment