We are living in a capitalist society where profits have an important and vital role to play. It helps business owners to have the right incentive to be an entrepreneur, take risks, and also provide employment apart from paying taxes and creating infrastructure. The reward for taking risks is profit and this also could go a long way in helping the entrepreneurs in moving more towards costs cutting, innovation and also for bringing in improvements. Profit is needed because it helps the entrepreneurs to plough back a significant part of it back into society and thereby creating more jobs, creating new infrastructure and also providing more employment to needy and deserving people.
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