Question

2. Explain the role of profit in the business.​

Answer 1

Profit is the revenue remaining after all costs are paid. These costs include labor, materials, interest on debt, and taxes. Profit is usually used when describing business activity. But everyone with an income has profit. It's what's left over after paying the bills.

hope it will help you

please mark me as brainlist!!!!

Answer 2

Profit is the reward for bearing risks . Profit is essential for a business to survive , grow and expand in a market . No business can survive without earning a profit .