MkmoU1
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I have just started A-Level Economics and I have been given an essay question. It is
'Is profit the only motivator for firms?'
I don't even know where to begin, what points I could use to back both for and against and I don't know how to overall structure my work. Someone pls help me.
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999tigger
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(Original post by MkmoU1)
I have just started A-Level Economics and I have been given an essay question. It is
'Is profit the only motivator for firms?'
I don't even know where to begin, what points I could use to back both for and against and I don't know how to overall structure my work. Someone pls help me.
You need to spend some time thinking about things and jotting ideas down.

What is profit?
How does it benefit firms?
What are other factors which may motivate a firm to act in a particular way and why?
What about not for profit firms what motivates them?
You just need to use some common sense in how a firm can achieve certain aims which benefits it in different ways and time scales, which may not be directly or immediately profit related.
Are there situations where a company will forego profit in order to benefit it in another way?
Last edited by 999tigger; 4 weeks ago
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MkmoU1
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(Original post by 999tigger)
You need to spend some time thinking about things and jotting ideas down.

What is profit?
How does it benefit firms?
What are other factors which may motivate a firm to act in a particular way and why?
What about not for profit firms what motivates them?
You just need to use some common sense in how a firm can achieve certain aims which benefits it in different ways and time scales, which may not be directly or immediately profit related.
Are there situations where a company will forego profit in order to benefit it in another way?
Thank you for simplifying this down for me
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