Profit is the primary motivating force for economic activity. Do you a

1.	Profit is the primary motivating force for economic activity. Do you agree?
Answer» Profit\xa0is the basic\xa0motivation\xa0for any\xa0business, but it has to be tempered with humanity, respect and ethics.\xa0The\xa0profit motive\xa0is a good of value to the economy. It is needed to provide incentive to generate efficiency and innovation. However over-remuneration of the\xa0profit motive\xa0creates\xa0profit\xa0inefficiency.\xa0The\xa0profit motive\xa0refers to an individual\'s drive to undertake activities that will yield net economic gain. Because of the\xa0profit motive,\xa0people\xa0are induced to invent, innovate, and take risks that they may not otherwise.

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