Question

what is the role of profit in business?​

Answer 1

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 following are the main important roles of profit in business:-

#long survival

# rapid growth

#increase in efficiency

#to earn more profit