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What is the role of profit/advantages in business.

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Role of business should be profit maximisation some points are as follows:

(i) Profit is the reward of labor. 

(ii) Profit is the means of the satisfaction of human needs. 

(iii) It is a measure of business efficiency. 

(iv) Profit is the base of business protection, growth and stability. 

(v) Profit is the base of social responsibilities. 

(vi) Profit is the cause of extension of various economies. 

(vii) Profit is the base of exchange. 

(viii) Profit is an incentive.

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