A profit motive is the desire of a person or business to make a profit. It's seen as controversial, because it can lead to...
What role does profit play in an economic system? What is a public good? How should the government decide whether to provide a public good? What is the consumer problem that we see in society, which makes the private sector under-provide a public good...
The profit motive also encourages savings and risk taking, two indispensable elements of economic development. Finally, profitability is a yardstick by which businesspeople can measure their achievements and justify their claims to compensation. This chapter puts forth the concept of profit and how any...
What are the profit-maximizing conditions under perfect competition and monopolistic competition both in the long-run? What are the profit-maximizing conditions under monopolistic competition and monopoly both in the short-run? What is the profit maximizing ...
aIf self-interest is to have any useful meaning at all we must see that in economic practice it means what everyone takes it to mean, the profit motive, 如果利己主义是根本有任何有用的意思我们必须看在经济实践它意味什么大家采取它对手段,谋利动机,[translate]...
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Theprofit motive, or the desire to earn profits from business activity, is the driving force of capitalism. It creates a competitive environment in which businesses compete to be the low-cost producer of a certain good in order to gain market share. If it is more profitable to produce a di...
题目What concept introduced by economist Adam Smith highlights the role of profit motive and individuals acting in their self-interest in contributing to social benefits and the public good in a free market? () A. Market equilibrium B. Invisible hand C. Supply and demand D. Price elasticity ...
These liberalfree marketadvocates believed that the “invisible hand” of the profit motive and market incentives generally guided economic decisions down more productive and efficient paths than government planning of the economy.1 They argued that government intervention often led to economic inefficiencie...
From 2002 to 2013, profit leaders generated between 8.0 percent and 9.9 percent of the overall profits in the printing industry. This amount is consistently three to four times the average for all printers, with only 2010 being the exception at 7 percent. By benchmarking the industry profit ...