what is the role of profit in business
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Profits made by businesses throughout the economy provide important signals about the health of the macro economy. Rising profits might reflect improvements in supply-side performance.
In all business undertakings in the private sector, the main motive is to earn profit. Profit is the driving force before and after entering into the business field. Infact profit is the oil which drives the wheels of business.
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Profit is a source of finance for expansion and diversification of business activities...
A part of the profits can be retained for increasing the volume of the business.
Functions of profit: Source of income : It is the most important source of income and provides livelihood for the businessman.
Business is the wealth- creating institution of society. Every businessoperates in order to earn profit.
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✌️_______UR ANSWER_______✌️
Profit is a source of finance for expansion and diversification of business activities...
A part of the profits can be retained for increasing the volume of the business.
Functions of profit: Source of income : It is the most important source of income and provides livelihood for the businessman.
Business is the wealth- creating institution of society. Every businessoperates in order to earn profit.
⤴️_____HOPE HELP YOU_____⤴️
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