Under what condition does a business make a profit?

Profit is the positive financial gain your business makes after you've subtracted all your expenses. ... You can then develop strategies to increase your profits, including ways to increase your sales revenue, your profit on individual products and services, and decrease costs

When the cost of producing is less than the income.

Explanation

To be able to make a product or service a business has expenses, which are related to materials, building, electricity, labor etc... And the business also has an income, which is the total value of the sold products or services. In order to make a profit, a business needs to have more income than expenses.

b) the confederacy had to pay all union war expenses.