Business Studies, asked by pathNeesana, 1 year ago

What is the role of profit?

Answers

Answered by Remo33
0
The role of profit are..
To get something in extra way.
Answered by Anshults
1

The role of profit

Explanation:

  • Profit is the surplus income after a firm has returned all its expenses.
  • In a capitalist economy, profit represents an essential role in creating incentives for corporations and contractors.
  • For a compelling firm, the award of higher profit will prompt them to try and lower expenses and produce new products.

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