Question

In____form of business organization profit earning is the fundamental motive

Answer 1

Answer:

this is no answer sorry i am this ans not complete

Answer 2

Answer:

The required answer is capitalism

Explanation:

• The profit motive is a fundamental concept of rational choice theory, which holds that people make decisions based on what is best for them personally. According to this theory, corporations maximize profits in order to benefit themselves, their shareholders, or both.

• Since the end of feudalism, capitalism, also known as the free market economy or the free enterprise economy, has dominated in the Western world. Under capitalism, the majority of the means of production are privately owned, production is controlled and income is distributed primarily through the operation of markets.
• The desire to turn a profit is capitalism's fundamental characteristic. The father of modern economics and philosopher Adam Smith once said: "We expect our dinner not from the goodness of the butcher, the brewer, or the baker, but from their regard to their own interest." In a voluntary exchange transaction, each party has a stake in the outcome, but neither can get what they want without considering the other party's desires. This logical self-interest is what can result in success for the economy.

Therefore, In capitalism form of a business organization profit earning is the fundamental motive.

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