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The profit motive is generally absent in the public sector, where government entities operate primarily to provide services rather than to generate profit. Additionally, non-profit organizations focus on social, educational, or charitable objectives without the intent of making a profit. In these sectors, decisions are driven by mission-oriented goals rather than financial gain.
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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
Is it true that in planned econonmy there is no profit motive?
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 is your personal view on profit-motive?
motive only of profit! BOOM! stop copying from the internet!
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
What does profit motive ensure in a mixed economy and why is it important to protect it?
In a mixed economy, profit motive ensures that businesses strive for efficiency, innovation, and responsiveness to consumer needs, driving economic growth and improving overall welfare. Protecting the profit motive is essential because it incentivizes entrepreneurs to invest and take risks, thereby fostering competition and enhancing product quality and variety. Without this motivation, there could be stagnation in economic development and a decline in the standard of living. Balancing profit motives with regulatory measures helps maintain ethical practices and social equity.
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
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!
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
What does profit motive ensure in a mixed economy and why is it important to protect it?
In a mixed economy, profit motive ensures that businesses strive for efficiency, innovation, and responsiveness to consumer needs, driving economic growth and improving overall welfare. Protecting the profit motive is essential because it incentivizes entrepreneurs to invest and take risks, thereby fostering competition and enhancing product quality and variety. Without this motivation, there could be stagnation in economic development and a decline in the standard of living. Balancing profit motives with regulatory measures helps maintain ethical practices and social equity.
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
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.
What is the motive of bank?
A bank is a business so its main motive is to make a profit.
What gives companies an anti-competitive impulse?
An anti competitive impulse is given to a company through the profit motive.
Incentive for a person to make money for himself?
profit motive
What is profit motive?
Profit is the difference between cost and proceeds. If the proceeds are more than the cost then one is said to be in profit. Having motivation to achieve proceeds more than the cost is known as profit motive.
How do partnership support the profit motive of entrepreneurs?
Partnerships create better results and hence a larger profit for the entrepreneur (profit motive). When two entrepreneurs is one unit instead of two separate, they have a bigger chance of making a profit.
