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Why the profit motive often leads to efficiency and innovation?
Wiki User
∙ 13y ago
The competition to make profit drives producers to eliminate waste.
Wiki User
∙ 13y ago
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Why the profit motive often leads efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
What best explains why the profit motive often leads to 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 are some disadvantages of plbanned economy?
The disadvantage of a planned economy is that there is lack of profit which usually leads to the inefficiency of the firms.
What is one advantage of free trade?
One advantage of free trade is that it leads to increased production as well as increased efficiency. Another advantage is that free trade allows for economic growth.
Why the profit motive often leads efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
What best explains why the profit motive often leads to 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 is the Catholic Church's stand on profit-motive?
The Church supports free enterprise and profits as long as the "profit motive" is not disordered. The Catechism of the Catholic Church in section 2424 teaches that the profit, in and of itself, is not a bad thing; however, when it becomes an object that enslaves a man and leads to the idolizing of money, then it is a problem.
What is the catholic church stand on profit motive?
The Church supports free enterprise and profits as long as the "profit motive" is not disordered. The Catechism of the Catholic Church in section 2424 teaches that the profit, in and of itself, is not a bad thing; however, when it becomes an object that enslaves a man and leads to the idolizing of money, then it is a problem.
What is catholic church stand on profit motive?
The Church supports free enterprise and profits as long as the "profit motive" is not disordered. The Catechism of the Catholic Church in section 2424 teaches that the profit, in and of itself, is not a bad thing; however, when it becomes an object that enslaves a man and leads to the idolizing of money, then it is a problem.
What the difference between innovation and changes?
innovation is a first step towards change. once organizations decides to innovate their processess, it leads organiation to change. we can simply say innovation leads to long lasting change........
What leads to technology?
an increase to efficiency
What leads to technological progress?
an increase to efficiency
Innovation interests sociologists because it?
Innovation interests sociologists because it leads to new ideas and creations in a society. This can lead to improvements and advancements in order to help communities grow.
What do you mean by innovation as a science push?
It means that the innovation of the product is lead by "new science" being developed, i.e. new technology leads to the production of a new product, as a pose to market pull innovation, where the market has a need, and science is developed to support the need.
Why was the innovation of fighter jets important to the development of war strategy?
Innovation of fighter jets leads to advanced warfare. Innovated fighter jets means more safety features and that means less deaths.
