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What is one effect of the profit motive?
It pushes companies to seek to eliminate competition.
Why the profit motive often leads to efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
Why the profit motive often leads efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
What are the components of Capitalism?
Freedom, Private Property, Profit Motive, Competition, and Consumer Sovereignty.
Why does the government need to regulate the free market to protect competition?
Producers driven by the profit motive seek to reduce their competition.
What is one effect of the profit motive?
It pushes companies to seek to eliminate competition.
Why the profit motive often leads to efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
Why the profit motive often leads efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
What are the components of Capitalism?
Freedom, Private Property, Profit Motive, Competition, and Consumer Sovereignty.
Why does the government need to regulate the free market to protect competition?
Producers driven by the profit motive seek to reduce their competition.
The free market system cannot exist without government regulations for what?
The profit motive undermines competition unless competition is protected.
What best explains why the profit motive often leads to efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
Free market system cannot exist without government regulations for what reason?
The profit motive undermines competition unless competition is protected.
List the three fundamental principles of a free-market system?
private property, profit motive, competition
Why does the free market system required government regulations?
Producers are driven by the profit motive to work against competition.
How do you use profit motive in a sentence?
They had a profit motive, so they did not care about what the work did to the environment. Their profit motive helped progress their ideas for doing business.
What is your personal view on profit-motive?
motive only of profit! BOOM! stop copying from the internet!
