Question

Can someone help please

Which best explains the profit motive?


the motivation to work hard at a job in order to buy more goods and services


the incentive to buy at a low price in order to be able to sell at a higher price


the desire to make money through the production of goods and services


the decision to allow market forces to decide on the price of goods and services

Answer 1

The desire to make money through the production of goods and services.

Answer: Option 3.

Step-by-step explanation:

The profit motive is the motive of the firms to increase their profit by the way of producing the goods and the services which the firm produces. The major motive of the firm when it comes in the business is to earn profit.

The firm should increase it's efficiency of production of goods and services so that it can reduce it's cost and wastage of it's raw material. Through this way the firm can increase profit by production of the goods and the services.