Question

What is profit in an economic system?(1 point)
Responses

Profit is the net change in the value of the economy due to an exchange.
Profit is the net change in the value of the economy due to an exchange.

Profit is the investment a producer makes in the economy to achieve financial gain.
Profit is the investment a producer makes in the economy to achieve financial gain.

Profit is the financial gain resulting from an exchange.
Profit is the financial gain resulting from an exchange.

Profit is the investment a consumer makes in the economy to achieve financial gain.

Answer 1

Profit is the financial gain resulting from an exchange.

Explanation: Profit equals revenue minus costs — the monetary gain a firm (or individual) realizes from selling goods or services.