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What does profit incentive mean?
profit incentive, or profit motive. This desire motivates entrepreneurs to establish new businesses and produce new kinds of goods and services.
What is your personal view on profit-motive?
motive only of profit! BOOM! stop copying from the internet!
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
What does profit motive ensure in a mixed economy and why is it important to protect it?
In a mixed economy, profit motive ensures that businesses strive for efficiency, innovation, and responsiveness to consumer needs, driving economic growth and improving overall welfare. Protecting the profit motive is essential because it incentivizes entrepreneurs to invest and take risks, thereby fostering competition and enhancing product quality and variety. Without this motivation, there could be stagnation in economic development and a decline in the standard of living. Balancing profit motives with regulatory measures helps maintain ethical practices and social equity.
What does profit incentive mean?
profit incentive, or profit motive. This desire motivates entrepreneurs to establish new businesses and produce new kinds of goods and services.
What are the differences between cooperative society and partnership?
The motive of a partnership is to make profit while in co-oprative society is to improve the economic interests of membres.
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!
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
What is the difference between entrepreneurs and non entrepreneurs?
Entrepreneurs are willing to assume financial risks to create a profit; they start businesses. Non-entrepreneurs do not start businesses.
Name five feature that can be found in partnership business?
The five features that can be found in partnership business include an agreement between the partners,the number of persons involved is more than one,the objective of the business is usually stated,the profit motive and the conduct of business.
What does profit motive ensure in a mixed economy and why is it important to protect it?
In a mixed economy, profit motive ensures that businesses strive for efficiency, innovation, and responsiveness to consumer needs, driving economic growth and improving overall welfare. Protecting the profit motive is essential because it incentivizes entrepreneurs to invest and take risks, thereby fostering competition and enhancing product quality and variety. Without this motivation, there could be stagnation in economic development and a decline in the standard of living. Balancing profit motives with regulatory measures helps maintain ethical practices and social equity.
What is the motive of bank?
A bank is a business so its main motive is to make a profit.
What gives companies an anti-competitive impulse?
An anti competitive impulse is given to a company through the profit motive.
Incentive for a person to make money for himself?
profit motive
