ENTREPRENEURSHIP

Detailed explanation-1: -The phrase “in the black” means being economically profitable or financially solvent or just not in debt. A business that is “in the black” is usually profitable, or at least enough to make a profit without worrying about bankruptcy.

Detailed explanation-2: -When a company is in the black, it has positive earnings, is financially solvent, and not burdened by too much debt. Companies that are unprofitable and showing a loss are said to be in the red.

Detailed explanation-3: -The expression “in the red” is used to describe a business that has negative earnings. This is in contrast to the phrase “in the black” which refers to businesses that are profitable and financially solvent.

Detailed explanation-4: -If a bank account is in the black, it contains some money, and if a person or business is in the black, they have money in the bank and are not in debt.

Detailed explanation-5: -Credits and profits were written in black ink, while red ink noted debits, debts, and other financial losses. Red is a harsh color that stands out. Being in the black is a positive thing because it means you have more money or more income than expenses or debt.