The right to profit means the ______.

Question

Quizplus · Accepted Answer

The right to profit means that the risk taker or business owner is entitled to all profits (after taxes) that are earned by the business. This means that they are rewarded for the risks they take in setting up and running a business. However, this does not mean that the government guarantees a profit or that the owner has the right to arbitrarily enter or leave a business. It simply means that they have the right to the benefits of owning a successful enterprise.

The Right to Profit Means the ______