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.
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Answer:the answer is b
Explanation:
they are telling about the character traits and how he is prepared.
<span>John F. Kennedy had the wit and the wisdom taken in his speech. The following content of it would be after the post-war, which ended the terrible depression as well as the harm of the people. He gave a way for the new generation to bring upon change in the country. He instilled peace and for the new generation to learn from their mistakes. He is loved by the people because he carries hope for all those who suffered.</span>
<u>Answer</u>:
Setting your own goals is important because having goals means to make a focus in life.
<u>Explanation</u>:
If we have a goal in our life means we have something to focus on.
A person knows what he needs to achieve or what he can achieve. Then, that person also motivates himself to strive for it. Since that person is the one who needs to achieve that goal and work hard for it, someone else should not set goals for us.
Someone else doesn’t know our potential, neither he knows how we would work towards it. So, it is essential that we set our own goals and not someone else.
