The profit motive is an economic concept which posits that the ultimate goal of a business is to make money. Stated differently, the reason for a business’s existence is to turn a profit. The profit motive functions on the rational choice theory, or the theory that individuals tend to pursue what is in their own best interests. Accordingly, businesses seek to benefit themselves and/or their shareholders by maximizing profits.
As it extends beyond economics into ideology, the profit motive has been a great matter of contention.
Read more about Profit Motive: Economics, Criticisms, Counter Criticisms
Famous quotes containing the words profit and/or motive:
“... when you make it a moral necessity for the young to dabble in all the subjects that the books on the top shelf are written about, you kill two very large birds with one stone: you satisfy precious curiosities, and you make them believe that they know as much about life as people who really know something. If college boys are solemnly advised to listen to lectures on prostitution, they will listen; and who is to blame if some time, in a less moral moment, they profit by their information?”
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“With Major Lawrence, mercy is a passion. With me, it is merely good manners. You may judge which motive is the more reliable.”
—Robert Bolt (1924–1995)