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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.
What else can I help you with?
Is economic principle a non profit business?
true
True or False. Accounting profit equals sales revenue minus explicit costs?
True
Is it true of false that profit is the difference between earned income and costs?
True. Profit is defined as the difference between earned income (revenue) and costs (expenses). If income exceeds costs, a profit is generated; if costs exceed income, a loss occurs.
A planning budget is prepared before the period begins and is valid for only the planned level of activity true or false?
True.
Is it true or false Capitalism is an economic system in which privately owned businesses and individuals attempt to make a profit in a free market.?
True.
What is the stand of Catholic Church in profit motive?
Listed below (in the related links) is a discussion of the profit motive as seen by the Catholic Church, and the article on heroic virtue. Here is an extract from that conversation: Catholic Social Doctrine says the profit motive is permissible, but does not, as far as I know, say that it is required of any anyone, and does not say that it is the highest motive that a Christian can have for his actions. I read the old Catholic Encyclopedia's article on "Heroic Virtue." (Link below) That article made it very clear to me that the profit motive is a very INFERIOR motive compared to the motive of love of God and/or neighbor. That article made it very clear to me that ALL Christians are called by God to develop themselves to the point wherein EVERYTHING they do is motivated SOLELY by motive of loving God and/or neighbor. Thus, the only conclusion I can reach is that the profit motive, while acceptable, while not thrusting a soul out of the minimal State of Grace, nevertheless is a rather shallow, shabby, degraded motive in the scheme of things. A true holy Saint would NEVER let the profit motive be involved in his life in any fashion. And we are all called to be true holy Saints.
What was the true motive behind the Marshall Plan?
So he didn't get shot
True or False- That not all breaches to computer security are planned?
True
What is Snapes true motive in the deathly Hollows?
Mainly, he wants to defeat Lord Voldemort.
True or false The most difficult part of determining the profit maximizing price is determining profit at a given level of unit sales?
true
Is that true that the govenor planned the Oklahoma bombing And That George Bush Planned The Twin Tower's Bomb..?
NO, that is a myth and a conspiracy theory.
the major purpose of organization is to increase productivity and profit. its is true or False?
true
Are WWE are true?
yes wwe can be true although some is fake just the same it is true
Is the following statement true or falsedetermining the souce and motive of an ad for a health product will hep you decide whether the ad is reliable source of health information.?
True. Evaluating the source and motive of an ad for a health product is crucial in assessing its reliability. A credible source, such as a medical professional or reputable organization, is more likely to provide trustworthy information, while ads driven by profit motives may exaggerate benefits or downplay risks. Understanding these factors helps consumers make informed decisions about their health.
True or false Profit equals Total Cost less Total Revenue?
TRUE
Is economic principle a non profit business?
true
Do Credit unions are not-for-profit and are closely regulated?
true
