Question

1. what does it mean to earn a profit?

Explanation:

Profit is the financial gain achieved when total revenue exceeds total costs. It indicates a business's success in generating more income than it spends on operations, production, and other expenses.

Answer:

Earning a profit means that a business or entity has generated more revenue (income from sales, services, etc.) than the total costs (including production costs, operating expenses, taxes, etc.) it has incurred. In simple terms, it is the positive financial outcome when what is earned is greater than what is spent.