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What are the reasons that the businessperson is able to make a huge profit in the market? - Social Science

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Question

What are the reasons that the businessperson is able to make a huge profit in the market?

Answer in Brief

Solution

The businessperson is able to make a huge profit in the market because of the following reasons:

  1. He sells the shirt in a foreign country, where rates are always high.
  2. He has more capital (money), so he can motivate his business properly.
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Chapter 8: A Shirt in the Market - Intext Questions [Page 99]

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NCERT Social Science - Social and Political Life 2 [English] Class 7
Chapter 8 A Shirt in the Market
Intext Questions | Q 15. | Page 99
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