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Q: What is profit motive in a mixed economy?
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Related questions

How is the profit motive the driving force behing the American economy?

the profit motive is the donkey version of cariad politics that are all


What is included in mixed economy?

Mixed economy included Capitalistic economy and also Socialistic economy. Capitalistic economy for profit earning and socialistic economy for social welfare.


An economy that exhibits elements of both capitalism and socialism?

None, as capitalism (classes, production for profit) and Socialism (no classes, production for use) are incompatible.


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.


Is US a capitalist economy or mixed economy?

Capitalist: wages system,production for profit, class ownership.


What is your personal view on profit-motive?

motive only of profit! BOOM! stop copying from the internet!


IS INDIA a free economy planned economy or mixed economy?

India has a mixed economy in that there is private property and companies that produce products for the benefit of profit. There are many business regulations in India, this combined with the above places India as a mixed economy country.


Why in a free market system producers are motivated to reduce costs and increase revenues?

The Profit Motive


What Type of economy is Italy?

Italy is capitalist: class system,min or its ownership, wages system, production for profit.


In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?

Profit Motive


What is the best example of mixed economic?

india is the best exampl of mixed economy as in india both personel profit &social welfare are seen


What is Hayek's policy?

Hayek believed that governments should only get involved in the economy when there was no profit motive involved. Friedrich von Hayek was an Austrian economist.