The desire for profits is a major feature of

Assessment: WAEC SSCE - Economics - 2019 (Objective) Subject: Economics

Question 1 Report

The desire for profits is a major feature of 

Answer Details
The desire for profits is a major feature of a market economy. In a market economy, individuals and businesses operate to make a profit by producing goods and services that people are willing to pay for. The pursuit of profit drives economic activity and helps to allocate resources efficiently.

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