Which most strongly drives producers in a free-market economy?

Responses

profit motive

profit motive

utility satisfaction

utility satisfaction

coercion

coercion

government planning

1 answer

In a free-market economy, the factor that most strongly drives producers is the profit motive. Producers are motivated to create goods and services that will generate profit, which in turn fuels innovation, efficiency, and competition within the market.

Similar Questions
  1. why is it important to protect profit motive in a mixed economyprofit motive ensures that the government is encouraged to
    1. answers icon 1 answer
  2. Which does the government do in a socialist country?Responses ensure free choice for consumers ensure free choice for consumers
    1. answers icon 1 answer
  3. 4.1.5 Quiz: The Global EconomyQuestion 2 of 10 How has globalization resulted in increasing environmental damage around the
    1. answers icon 1 answer
  4. QUESTION 3/3Market Economy Command Economy In Prospera, entrepreneurs are thriving, pursuing innovative ventures across various
    1. answers icon 1 answer
more similar questions