Question

Explain the objectives and importance of earning.

Answer 1

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Profit is the lifeblood of business, without which no business can survive in a competitive market. In fact profit making is the primary objective for which a business unit is brought into existence. Profits must be earned to ensure the survival of business, its growth and expansion over time.

Answer 2

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Earning → earning is a process of exchanging once labour and time with cash or cheque.

Importance of money/earning .

Money is important in many ways as if a person has money then he will also have no financial worries.

As money is necessary for fulfillment of basic necessities of life .