Question

In terms of the free enterprise system, what is the drive for the improvement of material well-being?

A) profit motive


B) open opportunity


C) voluntary exchange


D) private property rights

Answer 1

Answer: A. profit motive

In the free enterprise system, the profit motive is the drive that motivates for the improvement of material well-being. Basically, this is the main target of business establishments, to earn and gain profit way higher than their invested capital, time and effort.