Definition, Meaning & Synonyms
profit-motive
noun
/ˈprɒfɪtˌmoʊtɪv/
Definition
The underlying reason or incentive for a business or individual to pursue profit or financial gain in their activities.
Examples
- The profit-motive often leads companies to innovate and improve efficiency.
- Understanding the profit-motive is essential for analyzing market behavior.
- While the profit-motive stimulates economic growth, it can also result in unethical practices if not regulated.
Meaning
The profit-motive drives businesses to create products and services aimed at generating revenue, allowing them to operate sustainably and grow.
Synonyms
- Profit incentive
- Financial motive
- Economic motivation
