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:
“Already nature is serving all those uses which science slowly derives on a much higher and grander scale to him that will be served by her. When the sunshine falls on the path of the poet, he enjoys all those pure benefits and pleasures which the arts slowly and partially realize from age to age. The winds which fan his cheek waft him the sum of that profit and happiness which their lagging inventions supply.”
—Henry David Thoreau (1817–1862)
“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)