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The term that refers to an incentive for a person to make money for himself is "self-interest." This term suggests that individuals are motivated to take actions that benefit themselves financially or otherwise.

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1y ago

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Incentive for a person to make money for himself?

profit motive


What is an incentive for a person to make money for himself?

An incentive for a person to make money for themselves is the ability to achieve financial independence and security. Earning money can provide opportunities for personal growth, fulfillment, and the ability to pursue one's goals and aspirations. Additionally, financial resources can afford a higher quality of life, including access to better healthcare, education, and experiences.


What is incentive bonus?

An incentive bonus is when a person will receive extra money for a job well done. Incentives are used in the workplace to increase employee morale and productivity.


What is incentive means?

it means a reason to do something. example: the incentive of working is to get money!


What are monetary incentive?

monetary incentive is increase ammount of money in economy sector!


How is profit an incentive for entrepreneurs?

Profit is an incentive for entrepreneurs because if an entrepreneur can make more money on this new product than they are using to make it then the entrepreneur can use the rest of the money for whatever he needs it for.....and after paying all of the bills, if there is still a little left over than he can possibly get something new for himself, his wife, or his children.


What do you call a person who saves money by starving himself?

hungry


What is a person who owes money to another person called?

A person who owes money to another person is called a debtor. This term refers to anyone who has borrowed money or is obligated to repay a financial obligation. In contrast, the person or entity to whom the money is owed is called a creditor.


What does cash incentives mean?

It means that the incentive is in the form of money.


What is the most important incentive of a taxation strategy?

The most important incentive of a taxation strategy is to give the government enough money for public purposes. This includes money for education and public facilities.


What are the incentives in the economy?

It means that the incentive is in the form of money.


Use profit incentive in a sentence?

Kim's desire to be rich was her motivation for studying in school.