Economists assume the principal motivation of producers is
A)Psychological gratification.
B)Social status.
C)Profit.
D)Their preference for being "their own person."

Question

Quizplus · Accepted Answer

Economists generally assume that producers are motivated by profit, as this is the main goal of businesses in a market economy. Psychological gratification, social status, and a preference for independence may also be motivators for some producers, but these are considered secondary to profit in economic analysis.

Economists Assume the Principal Motivation of Producers Is