Question

Explain in brief any three role of profit in business
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Answer 1

Explanation:

Profit is the surplus revenue after a firm has paid all its costs. ... In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs. For an incumbent firm, the reward of higher profit will encourage them to try and cut costs and develop new products.

Answer 2

mai 3 class mai hun mujhe isk