Question

In an economy like the U.S. economy, which results in a profit for a business?

1. more revenue then overall costs

2. less revenue then overall costs

3. increase in competition

4. decrease in competition

Answer 1

[AI-generated answer — Bot GPT 3.5]

1. more revenue than overall costs

In the U.S. economy, a business will result in a profit when the revenue generated from selling goods or providing services exceeds the total costs incurred in producing those goods or services. This allows the business to cover expenses and have money left over as profit.