Question

what is the role of profit in business?

Answer 1

hey bro

all human beings are alive on earth fir earing and lead a luxurious life.
uf profit will not be in business then how could human live.

Answer 2

Answer:

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.