The act of gaining financial benefit or advantage from something, or benefiting in a non-financial way.
From Old French 'profiter,' derived from Latin 'profectus' (progress, advancement), from 'proficere' (to make progress). The '-ing' suffix creates the present participle form.
The word 'profit' comes from the same root as 'proficient'—both originally meant 'making progress'—so ancient people saw making money as literally advancing yourself forward in life!
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