Question

U.S. Free Enterprise System Quick Check

Answer 1

In the economic system the term profit can  be referred to as: profit is the financial gain resulting from an exchange.

What is referred to as profit?

This is the term that can be simply put to be the gains that can be made from an economic venture. It is the gains that a person would make from trade or from an investment in an economy.

When people go into business they would be expected to make either returns in the business as gains or they would suffer loss. Hence we can say that In the economic system the term profit can  be referred to as: profit is the financial gain resulting from an exchange.

Read more on profit here: brainly.com/question/1078746

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