Profits are the driving force of the market economy. The greater the profits, the better the needs of the consumers are supplied.
About this quote
- What does it mean?
- Profits incentivize businesses to better meet consumer demands in a market economy.
- In plain terms
- Making money drives companies to serve customers better.
- What can you take from it?
- Profit motives align business incentives with consumer needs.
Where it applies
Putting it to work
Questions to consider
- Do profits always help consumers?
- Can profits exist without innovation?
Another view
High profits can sometimes arise without better consumer service.
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