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profit motive

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Q: Incentive for a person to make money for himself?
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What is an incentive for a person to make money for himself?

An incentive for a person to make money for themselves is the ability to achieve financial independence and security. Earning money can provide opportunities for personal growth, fulfillment, and the ability to pursue one's goals and aspirations. Additionally, financial resources can afford a higher quality of life, including access to better healthcare, education, and experiences.


How is profit an incentive for entrepreneurs?

Profit is an incentive for entrepreneurs because if an entrepreneur can make more money on this new product than they are using to make it then the entrepreneur can use the rest of the money for whatever he needs it for.....and after paying all of the bills, if there is still a little left over than he can possibly get something new for himself, his wife, or his children.


A purposive incentive is defined as?

An incentive is something that provides a person with a motivation to perform an action. A purposive incentive is when someone has the opportunity to make a contribution to a worthy purpose or goal.


How does charging interest encourage banks to make loans?

Interest is the money banks get in exchange for lending money. The more "safe" loans they make, the more money they make. This helps keep bank investors happy. A loan at 0% offers the bank zero incentive for lending money.


How can you make a sentence with incentive?

The boss offered a cash bonus as an incentive for hard work


Can you cash a savings bond for someone in a nursing home if you have power of attorney?

Yes. Make certain the person has directed you to do it and make certain the money is used for their benefit.Yes. Make certain the person has directed you to do it and make certain the money is used for their benefit.Yes. Make certain the person has directed you to do it and make certain the money is used for their benefit.Yes. Make certain the person has directed you to do it and make certain the money is used for their benefit.


Why was the state of Maryland settled?

It was created to serve as a haven for the English Catholic minority but it has always had a Protestant majority. It had a secondary incentive for its creation which was to make money.


How much money does Koreans make?

they does make alot of money u dumb person


Are Answers com and WebAnswers com the same site?

They are very similar sites, where people post questions and members answer them. The difference comes in that most people on WebAnswers are just out there to make money. People on answers don't make money, so that it is not their incentive to answer the question.


Do the players make extra money for themselves if the team wins the Stanley cup?

NHL players only receive extra money for winning the Stanley Cup if they have an incentive clause in their contract. For instance, they might make an extra 20,000$ if they make the playoffs, and an extra 100,000$ if they win the Stanley Cup.


What are Cashless Stock Options?

Cashless stock options from your employer are an incentive for you to work harder. They are "giving" you stock in their company, which in turn makes you work harder to make more money.


What is the main incentive for a manufacturer to sell a product?

To make a profit