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In economics, the profit motive is the motivation of firms that operate so as to maximize their profits.
19 lip 2024 · Profit motive is the intent to achieve a monetary gain in a project, transaction, or material endeavor. Profit motive can also be construed as the underlying reason why a...
31 lip 2024 · The profit motive refers to the desire for financial gain that drives economic activity. This fundamental concept underscores the actions of firms and individuals in a market-driven economy, often seen as the engine that fuels innovation, efficiency, and productivity.
28 paź 2024 · The desire for gain as a motive in economic activity. The profit motive can mean no more than the assumption that firms aim to maximize profit, but it can also be used in a derogatory sense to imply selfish justification for socially damaging actions.
The profit motive is the desire to earn a financial gain or return on investment. It is a fundamental driver of economic activity in market-based economic systems, as individuals and businesses seek to maximize their profits through the production and sale of goods and services.
Definition. The profit motive refers to the incentive for individuals and businesses to engage in economic activity with the aim of generating profit. It is a fundamental driving force behind capitalism and market economies, influencing decisions related to production, investment, and innovation.
Incentives are the fundamental driver in economic analysis. Money is often the main incentive, but a complex range of other socio-economic and psychological factors also drive our decision-making. ‘Motivation and incentives’ outlines two groups of incentives and motivations: intrinsic and extrinsic. Extrinsic motivations can crowd out our ...
