Question

what is the role of profits in business.....?? ....... please mates❤❤answer me ..!! ​

Answer 1

Answer:

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. For an incumbent firm, the reward of higher profit will encourage them to try and cut costs and develop new products.

PLZ MARK AS BRAINLIEST , FOLLOW ME AND THX FOR THE SUPERB QUESTION

Answer 2

Answer:

Here:

Explanation:

Profit in a business is needed so a business can keep running and so the business can grow in money, workers, supply, taxes and needed stuff. Profit is also needed so they can start more markets/shops around the world. If there is no profit in a business they will go no where and most likely end up failing.