PROFIT - AS AN INDICATOR OF EFFICIENCY IN PERFECT COMPETITION

Abstract

The article is devoted to demonstrating the role of profit in economic processes from the point of view of various theories that have taken place in the history of economic doctrines. Special attention is paid to the role of the profit indicator in measuring economic efficiency in the context of the theory of general equilibrium. And also the conclusion is formulated that it is impossible to identify the state of equilibrium with the economic optimum.