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In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Updated: 4/28/2022
Wiki User
∙ 12y agoBest Answer
Profit Motive
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∙ 12y agoThis answer is:
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Xio Gonz
Lvl 6
∙ 3y agoThe answer is the profit motive.
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In a free-market system producers are motivated to reduce costs and increase revenues because of what?
The profit motive.
In a free-market system producers are motivated to reduce costs and increase revenues because of?
The profit motive.
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
What best describes the economic effect that results from a government budget surplus?
Overall demand decreases reducing the incentive for producers to increase production
What do producers look to increase when making technological improvements in the game of economics?
Productivityproductivity
Related questions
In a free-market system producers are motivated to reduce costs and increase revenues because of what?
The profit motive.
In a free market system producers are motivated to reduce cost and increase revenues because of?
The profit motive.
In a free-market system producers are motivated to reduce costs and increase revenues because of?
The profit motive.
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
Which of the following best describes the economic effect that results from the government having budget surplus?
Demand increases, pushing producers to increase supply --> overal demand decreases, reducing the incentivefor producers to icrease production
What happens to the number of producers if there is plenty of sunshine and rain?
They increase
When the number of producers in particular industries increases you can expect supply to?
increase
When the number of producers in a particular industry increases you can expect supply to?
Increase
What best describes the economic effect that results from a government budget surplus?
Overall demand decreases reducing the incentive for producers to increase production
What motivated the Ku Klan's Fear and Violence?
an increase in racial, ethnic, and cultural diversity.
Which of these is a group of producers working together to raise prices and increase profits?
cartel
What do producers look to increase when making technological improvements in the game of economics?
Productivityproductivity
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