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Profit Motive - Unlocking Profit's Power Navigating Ethics and Economics - cover

Profit Motive - Unlocking Profit's Power Navigating Ethics and Economics

Fouad Sabry

Publisher: One Billion Knowledgeable

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Summary

What is Profit Motive
 
The profit motive is a term used in economics to describe the desire that drives businesses to behave in such a way as to maximize their earnings. According to the conventional microeconomic theory, the ultimate objective of a company is "to make money." This is not in the sense of raising the company's stock of means of payment; rather, it is in the sense of "increasing net worth." To put it another way, the creation of a profit is the primary motivation behind the existence of a firm.The theory of rational choice, which states that economic actors have a tendency to follow what is in their own best interests, is based on the principle that the profit motive is an essential component. According to this theoretical framework, the primary objective of firms is to maximize profits in order to benefit themselves and/or their shareholders.
 
How you will benefit
 
(I) Insights, and validations about the following topics:
 
Chapter 1: Profit motive
 
Chapter 2: Capitalism
 
Chapter 3: Ethical egoism
 
Chapter 4: Microeconomics
 
Chapter 5: Macroeconomics
 
Chapter 6: Neoclassical economics
 
Chapter 7: Homo economicus
 
Chapter 8: Index of economics articles
 
Chapter 9: Price
 
Chapter 10: Economic equilibrium
 
Chapter 11: Invisible hand
 
Chapter 12: Managerial economics
 
Chapter 13: Economics in One Lesson
 
Chapter 14: Shareholder value
 
Chapter 15: Enlightened self-interest
 
Chapter 16: Ernst Fehr
 
Chapter 17: Samuel Bowles (economist)
 
Chapter 18: Economic depression
 
Chapter 19: Friedman doctrine
 
Chapter 20: Perspectives on capitalism by school of thought
 
Chapter 21: Economic opportunism
 
(II) Answering the public top questions about profit motive.
 
(III) Real world examples for the usage of profit motive in many fields.
 
Who this book is for
 
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of profit motive.
Available since: 01/07/2024.
Print length: 260 pages.

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