Gross (economics)
Encyclopedia
In economics
, gross means before deductions. The antonym is net
, meaning after deductions.
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, gross means before deductions. The antonym is net
Net (economics)
In economics, net means after deductions. A related concept is gross, meaning before deductions.Nett is an alternative spelling used in British English.-Usage:...
, meaning after deductions.
Usage
In this sense, it may appear an adjective, following the noun it modifies, e.g., "earned two million dollars, gross". Alternatively, it can be used as a verb, e.g, "this movie grossed two million dollars on its opening weekend".Examples
- Gross domestic productGross domestic productGross domestic product refers to the market value of all final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living....
- Gross national product
- Gross profitGross profitIn accounting, gross profit or sales profit is the difference between revenue and the cost of making a product or providing a service, before deducting overhead, payroll, taxation, and interest payments...
- Gross incomeGross incomeGross income in United States tax law is receipts and gains from all sources less cost of goods sold. Gross income is the starting point for determining Federal and state income tax of individuals, corporations, estates and trusts, whether resident or nonresident."Except as otherwise provided" by...