Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Select the best answer for the question:

1. The profit motive is important to a market economy because it
A. allows workers to get paid.
B. encourages consumers to buy more products.
C. encourages people to open businesses and invent new products.
D. allows the government to collect extra taxes.

Sagot :

GinnyAnswer

Final answer:

The profit motive in a market economy encourages entrepreneurship, innovation, and competition.


Explanation:

In a market economy, the profit motive is essential because it encourages people to open businesses and invent new products. Entrepreneurs are motivated to earn profits by serving customers efficiently and effectively. Competition among entrepreneurs regulates and motivates them to provide goods and services at desired quality and price levels.


Learn more about Market Economy here:

https://brainly.com/question/32447773


We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.