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What best explains why the profit motive often leads to efficiency and innovation?
Wiki User
∙ 15y ago
The competition to make profit drives producers to eliminate waste.
Wiki User
∙ 15y ago
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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.
Which of the following best explains why the profit motion often leads to efficiency and innovation?
The competition to make profit drives producers to eliminate waste
What best explains the profit motive?
The profit motive of both individuals and businesses is based on the desire to increase their net wealth by engaging in a profitable business or financial transaction. The profit motive is best explained by understanding how profit can be the overriding motivation behind human activity and the impetus for economic progress and widespread wealth creation. The Wealth of Nations, written by economist Adam Smith in 1776, has achieved world renown fame for explaining how the profit motive is an integral necessity for building a nation's wealth. call me (501) 456-3483
What is your personal view on profit-motive?
motive only of profit! BOOM! stop copying from the internet!
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.
Which of the following best explains why the profit motion often leads to efficiency and innovation?
The competition to make profit drives producers to eliminate waste
How can an insurance company be for profit?
Because they are like any other business you buy goods and services from. A profit motive gives them an incentive to compete on price, quality and innovation.
What best explains the profit motive?
The profit motive of both individuals and businesses is based on the desire to increase their net wealth by engaging in a profitable business or financial transaction. The profit motive is best explained by understanding how profit can be the overriding motivation behind human activity and the impetus for economic progress and widespread wealth creation. The Wealth of Nations, written by economist Adam Smith in 1776, has achieved world renown fame for explaining how the profit motive is an integral necessity for building a nation's wealth. call me (501) 456-3483
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!
Which best explains the profit motive?
The desire to make money through the production of goods and services.
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 gives companies an anti-competitive impulse?
An anti competitive impulse is given to a company through the profit motive.
What is the motive of bank?
A bank is a business so its main motive is to make a profit.
