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Why is profit motive an important characteristic of a market economy?

Profit motive is important because it allows you to understand the current economic structure. When someone experiences profit motive, they're taking action to make money, and this can distribute wealth to others.

Why is profit motive An important characteristic of a market economy LUOA?

Why is profit motive an important characteristic of a market economy? Without a worthwhile reward, no one would take the risks required to develop new products.

What role does the profit motive play in a market economy quizlet?

What is the role of the profit motive in the American Free Enterprise System? It's what drives people to seek financial gain by coming up with products and services that meet consumers wants.

What is the most essential characteristic of a market economy quizlet?

What is the most important characteristic of a market economy? The most important market economy characteristic is the freedom to make your own decisions, such as what you want to produce.