A more thorough explanation:

Definition: Brokerage refers to the business or office of a broker. This is where brokers carry out their work of buying and selling financial assets on behalf of their clients.

Example: A profitable stock brokerage is one that helps its clients make money by investing in the stock market. The brokerage firm employs experienced brokers who have a good understanding of the market and can make informed investment decisions on behalf of their clients.

Explanation: The example illustrates how a brokerage operates by providing a service to clients who want to invest in the stock market. The brokerage firm acts as an intermediary between the client and the stock market, buying and selling stocks on behalf of the client. The success of the brokerage depends on the expertise of its brokers and their ability to make profitable investment decisions.