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The capitalist economic system experiences the most influence from the profit motive. In capitalism, businesses and individuals are driven by the goal of maximizing profits, leading to innovation, competition, and efficiency. This profit motive influences production, investment, and consumption decisions, shaping the overall dynamics of the economy. As a result, resources are often allocated based on potential profitability rather than need or social welfare.
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What is profit and non profit organization?
profit org. are those orgs. whose motive is to earn maximum profit bye ferforming legal activity like economic activities. Profit org. make P&L account and cash book nd non-profit orgs. are those whose motive is social welfair . tha main motive of non-profit organisation is to providing moral satisfaction to sosity by doing non-economic activity. Non-Profit orgs. make recipt and payment account and income and expenditure account.........
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 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
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
What is profit and non profit organization?
profit org. are those orgs. whose motive is to earn maximum profit bye ferforming legal activity like economic activities. Profit org. make P&L account and cash book nd non-profit orgs. are those whose motive is social welfair . tha main motive of non-profit organisation is to providing moral satisfaction to sosity by doing non-economic activity. Non-Profit orgs. make recipt and payment account and income and expenditure account.........
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!
What term describes the force that encourages people and organizations to improve the material well-being?
profit motive
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
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
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
What is the purpose of profit motive?
The profit motive drives businesses to seek financial gain, encouraging innovation, efficiency, and competition in the marketplace. It incentivizes companies to improve products and services while reducing costs, ultimately benefiting consumers through better options and lower prices. Additionally, the profit motive can lead to economic growth and job creation as businesses expand and invest in new opportunities.
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.
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.
Incentive for a person to make money for himself?
profit motive
