Question

explain the role of profit in business? ​

Answer 1

Hlo mate ♥!

here is your answer ⏬

The Role of Profit in an Economy. Profit is the surplus revenue after a firm has paid all its costs.

✔️Profit can be seen as the monetary reward to shareholders and owners of a business.

✔️ In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs

Answer 2

Answer:

The Role of Profit in an Economy. Profit is the surplus revenue after a firm has paid all its costs. Profit can be seen as the monetary reward to shareholders and owners of a business. In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs.☺️