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The theories are: 1. The Rent Theory of Profit 2. The Wage Theory of Profit 3. The Marginal
Productivity Theory of Profit 4. The Dynamic Theory of Profit 5. F.W. Hawley’s the Risk Theory
of Profit 6. Knight’s Theory or the Uncertainty-Bearing Theory 7. Modern Theory or Perfect
Competition or Demand and Supply Theory of Profit 8. Prof. Schumpeter’s Innovation Theory of
Profit or “Profit is the Reward for Successful Innovation”.