profit is the primary motivating force for economic activity  . do you agree ?give 5 reasons to support your answer  

Dear student,

Yes, I agree that profit is the primary motivating force for an economic activity, reasons for the same are:

1. It is essential for survival and growth of business.
2. It measures the efficiency and the progress of a business.
3.It measures the worth of an owner's investment.
4.It act as a means of self financing, it helps to attract capital from outside.
5. It increases credit worthiness of business.
6.It is the reward for taking risk, it motivates people to start or invest in a business.

Regards

 

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