Concept in Definition ABC

According to its use, the term benefit may refer various questions.

The good that is done or that in its defect we receive from someone, is called benefit. For example, the advice of a mother, a father, someone close to us who loves us and who wants to see us well is said to be a benefit for anyone.

On the other hand, the term profit is recurrently used as a synonym for utility and profit, a fact that is evidenced by the following expression widely used by people… Juan always manages to get some benefit from the situations that are presented to him.

In addition, to gain that is obtained after an investment or a purchase, it is usually referred to as a profit for the income extras in which it can derive, for example, by its exploitation.

On the other hand, Benefit are those non-monetary financial payments offered by a company to its employees and that guarantee them in a certain way a better quality of life, motivation at work, among other issues.

Meanwhile, a benefit may also refer to the economy or to right.

The economic benefit will be that profit that the actor obtains from an economic process and can be calculated through the total income minus the costs of production and distribution. In accounting books, for example, such profit is expressed in the last line of an income statement. In this sense, the economic benefit can be used as a clear indicator of the creation of wealth and the generation of value in the economy. The greater the profit that a company obtains, the greater its commercial success, the non-observance of profits will be considered a destroyer of wealth.

While, the app of the term benefit in law is evidenced through the concept of split profit, which consists in that in the case of having two or more guarantors of the same debt, it must be divided into equal parts, applying to it the regime of joint obligations or jointly.