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Why is the profit motive considered an incentive in a market system?

2 months ago - 1 answers

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To quote Adam Smith, "It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest." Basically, people do things to get money, which is useful for all of us.

by Frank

2 months ago

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