Manufacturing or trading of weapons is a risky activity that no government can be willing to allow it to be done by the private sector as it would put the public into a lot of risk since the private sector investors in such an industry would mostly be guided by the profit motive and not whether or not ammunitions will be on the wrong hands or the right ones (Kaul, 2006).
Profit Motive: The intent to achieve monetary gain in a transaction or material endeavor. Profit motive can also be construed as the underlying reason why a taxpayer or company participates in.
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In any industry profit acts as a signal that buyers want more output from that industry. Profits provide incentive for firms to increase production and encourage new firms to enter into that industry. The profit cannot be seen as a selfish motive of any business but induces entrepreneurs to take long business risk.
The profit motive isn't the only motivation that drives firms. Individual employees may have diverse motivations that have nothing to do with the will to make profits. For example, one employee may be motivated by fear and another by the will to be comfortable.
Profit Motive. View FREE Lessons! Definition of Profit Motive: The profit motive is the incentive for businesses to strive to maximize profits. Detailed Explanation: The profit motive pushes people to accomplish extraordinary things. Virtually every large company was started by an entrepreneur seeking to earn a profit. Walk down the aisles of a.
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Health Care and the Profit Motive. Good health is a fundamental human right, and it is upon the government to ensure that every person has access to affordable health services. One of the primary roles the government should play is ensuring that every person has access to health insurance which is now generating a lot of debates.
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Profit motive definition, the desire for profit that motivates one to engage in business ventures. See more.
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Essay on Profit Maximization Model SAMPLE ANSWER FOR QUESTION 5 Profit-making is one of the most traditional, basic and major objectives of a firm. Profit-motive is the driving-force behind.
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Profit Motive, The Guardian Consideration of social responsibility is an important concern for the successful operation of a business. A business can be structured with the sole intention of maximizing profit, or it can be structured in a way in which social obligation beyond profit is considered.
Last Name First Name Last Name Course Title Name of Professor Date Submitted The Social Responsibility of Business is to Increase its Profits Outline of Milton Friedman’s Perspective Milton Friedman was one of the prized economists in the current generation, and although he left the world last 2006, that cannot really change his work and his legacy.Health Care and the Profit Motive. Avik Roy Spring 2010. W hen it comes to health care, liberals and conservatives often seem to be living in two different worlds.. Arrow's essay is still read widely today, and is credited by many as having invented the field of health economics.The pro-profit motive argument claims that free markets create environments that encourage profit-seeking competition. For example, in the British department store industry, which the state has little involvement in, competition is visible- Debenhams, John Lewis, House of Fraser and so on are competing to gain the highest profits.