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Sedbober [7]
2 years ago
12

7. The profit motive is important to a market economy because it A. allows the government to collect extra in taxes. B. encourag

es consumers to buy more products. C. encourages people to open businesses and invent new products. D. allows workers to get paid.
English
1 answer:
lubasha [3.4K]2 years ago
4 0

The reason why the profit motive is important in a market economy is that it C. encourages people to open businesses and invent new products.

<h3>Why is there a profit motive in a market economy?</h3>

The profit motive ensures that there is an incentive to make new product and open more businesses to service the needs of the society.

When people know that they will be able to make profit from new enterprise, they are more likely to think up ways to engage in business to make profit.

Find out more on the profit motive at brainly.com/question/933169.

#SPJ1

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Yes, they can be free in regards to responsibilities and expectations they would otherwise be accustomed to.

Explanation:

Having power means you have proved yourself to be competent and trusted by others to the degree that they agree to allow oneself to be above themselves and others. You can't be in power if you are not held to a certain standard that fits your prestige. You are not free to do as you please because you have been put in a position of trust; making you responsible for those that accepted you to be in that position in the first place.

If you have no power, you are not held to the same standards or regard. You are responsible for nothing, except your own actions. This let's you be free from responsibilities that others may have.

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