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Disscuss profit motive as an economic tool to business growth
Weegy: The profit motive is the concept in economics that refers to individuals being provided incentive to relinquish something (e.g. capital, expertise, labour) for deployment to a productive purpose. [ If humans are rational and self-interested (see Homo economicus), then they should only divert some of their personal resource toward production for others in society (i.e. invest) if there is some payback for their self-sacrifice and risk. If there was no profit motive then the rational actor would merely conserve their resource for personal use and no investment would occur. The concept of profit motive was first raised by Adam Smith to explain why rational actors should invest their personal resources and why they needed to be provided a rent for use of that capital. Adam Smith also explained why the profit motive was an intrinsic enabler of the efficient utilisation of an economy's resources toward society's overall benefit. Read more: ] (More)
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Asked 3/27/2012 5:35:05 AM
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What is market equilibrium?
Weegy: Market equilibrium is a market state where the supply in the market is equal to the demand in the market. (More)
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Updated 287 days ago|10/18/2014 8:26:22 PM
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Do u know about the Virkings confraternity
Weegy: Are you referring to VIRKINGS or VIKINGS? (More)
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Asked 3/27/2012 12:13:42 PM
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when will 2012jamb results be out?
Weegy: Unfortunately, we do not have that information, I suggest you call the testing center. (More)
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Asked 3/28/2012 1:59:38 AM
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weggy when will 2012 jamb results be out
Weegy: There is no posted date. You can check your result when it is available here (More)
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Asked 3/28/2012 1:54:14 AM
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