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What do the profit motive motivates producers to do in a free market system?
Wiki User
∙ 12y ago
Minimize costs and maximize revenue.
Wiki User
∙ 12y ago
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In a free-market system the profit motive motivates producers to do?
Minimize costs and maximize revenues.
In a free market system the profit motive motivates producers to do?
Minimize costs and maximize revenue.
In a free market system the profit motive motivates producers to do which of the following?
minimize costs and maximize revenues
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
Main force behind the decisions made by producers in a free-market society?
the profit motive(:
In a free-market system the profit motive motivates producers to do?
Minimize costs and maximize revenues.
In a free market system the profit motive motivates producers to do?
Minimize costs and maximize revenue.
In a free market system the profit motive motivates producers to do which of the following?
minimize costs and maximize revenues
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
The profit motive motivates producers to do which of the following in marketing goats?
Minimize costs and maximize revenues
Main force behind the decisions made by producers in a free-market society?
the profit motive(:
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 does the free market system required government regulations?
Producers are driven by the profit motive to work against competition.
What is the main force behind the decisions made by producers in a free-market society?
To single out a "main" force as the question asks, that would be the concept of supply & demand. Without an understanding of this "force" that influences the way businesses operate, it becomes a handicap.
Why does the government need to regulate the free market to protect competition?
Producers driven by the profit motive seek to reduce their competition.
