Question

Ques 1.
Five major commercial trade cities of ancient India

Ques 2.
Describe the roles of profit in business... Briefly

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Answer 1

Answer:

1 Ans) 1.harappa 2.mohenjodaro 3.pataliputra 4.peshawar 5.indraprasth

Ans 2) profit plays an important role in creative incentives for business and entrepreneurs

Answer 2

Answer:

Ques 1.

Five major commercial trade cities of ancient India

Ans:- Harappa and Mohenjodaro, Indraprastha, Mathura, Mithila, and Surat are few major commercial cities of Ancient India.

Ques 2.

Describe the roles of profit in business...

Briefly

Ans:- 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.