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Nov 28, 2020 · Profit Motive . The purpose of most businesses is to increase profit and avoid losses. That is the driving force behind capitalism and the free market economy. The profit motive drives businesses to come up with creative new products and services. They then sell them to the most people.
PROFIT meaning: 1. money that is earned in trade or business after paying the costs of producing and selling goods…. Learn more.
2 profit / ˈ prɑːfət/ verb. profits; profited; profiting. Britannica Dictionary definition of PROFIT. 1. a [no object] : to get an advantage or benefit from something — often + by or from. He profited by his experience/mistake. [=he learned something useful from his experience/mistake] Everyone can profit from reading this book.
6 meanings: 1. excess of revenues over outlays and expenses in a business enterprise over a given period of time, usually a.... Click for more definitions.
profit: 1 n the advantageous quality of being beneficial Synonyms: gain Types: account the quality of taking advantage gainfulness , lucrativeness , profitability , profitableness the quality of affording gain or benefit or profit Type of: advantage , vantage the quality of having a superior or more favorable position n the excess of revenues ...
profit on something The company made a healthy profit on the deal. profit from something Profit from exports rose 7.7 per cent. The radio station earns a profit from its advertising. profit in something There was little or no profit in the products themselves. profit in doing something There isn’t much profit in running a restaurant these days.
The profit is defined as the amount gained by selling a product, and it should be more than the cost price of the product. In other words, the profit is a gain obtained from any business activities. Q2
