profit motive. The New Dictionary of Cultural Literacy, Third Edition. 2002

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The New Dictionary of Cultural Literacy, Third Edition. 2002.

profit motive


The ability to earn profits as the reason for producers to make and sell goods.	1
‡ The profit motive is often called a great good or a great evil in society. On the one hand, it is said to represent selfishness; on the other, it is said to drive the free market system. (See invisible hand.)	2

The New Dictionary of Cultural Literacy, Third Edition. Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

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