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Because the profit motives intend is to obtain monetary gain this promotes The Producers to produce Goods to make money

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Logan

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3y ago

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Where in the economy is the profit motive absent?

The profit motive is generally absent in the public sector, where government entities operate primarily to provide services rather than to generate profit. Additionally, non-profit organizations focus on social, educational, or charitable objectives without the intent of making a profit. In these sectors, decisions are driven by mission-oriented goals rather than financial gain.


Is it true that in planned econonmy there is no profit motive?

Yes, it is true that in a planned economy, the profit motive is largely absent. Instead of private individuals or businesses seeking to maximize profits, the government or central authority controls production and distribution, aiming to meet societal needs and goals. Resources are allocated based on a centralized plan rather than market competition, which diminishes the role of profit as a driving force in economic decisions.


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Selling Louisiana territory to the US goals?

Napoleon had a profit motive. Jefferson saw it as an invesment. Both got what they wanted. Napoleon in the short term and Jefferson's goal is still paying out huge dividends on a daily basis.


What is the shareholders goals?

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What are the tactical goals of an organization?

tactical goals of a FOR PROFIT organization is to maximize shareholders wealth. Goals of a NOT-FOR-PROFIT organization are to fulfill its mission statement to the best of its ability.


How do goals affect organisational growth?

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Producers achieve their goals through the use of?

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What are the goals of economic system?

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What are the three goals of a healthy economy?

stable prices full employment and economic growth