Question

What is the role of profit in business​

Answer 1

Explanation:

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

Answer 2

Profit is the reward for bearing risk . The higher is the profit, the higher is the risk.
Profit is essential for the survival of an organisation. If there is no profit they organisation may not be able to survive in the competitive market.
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