Question
In: Economics
The majority of profit-seeking behavior is beneficial to the overall health of the economy and the well-being of humans.
True or False?
The majority of profit-seeking behavior is beneficial to the overall health of the economy and the well-being of humans.
Explain your answer.
Solutions
Expert Solution
The given statement is False, because the majority of profit seeking behavior is maybe beneficial to the overall health of the economy but never for the well being of the humans. It's because the profit seeking behavior always focus on their self interests, they never think abouth needy and the poor people. If they see that in doing some work they will gain something then only they will invest in that otherwise not. So most importantly the government of a country should never be of profit seeking behavior because they will have to think about the whole country not only the richer section of the country.
Rahul Sunny answered 2 years agoRelated Solutions
Give at least 5 nursing interventions (with rationale) for Health-seeking behavior related to future breast health
Give at least 5 nursing interventions (with rationale) for
Health-seeking behavior related to future breast health
why unemployment rate is an imperfect measure of a nations overall level of well-being ?
why
unemployment rate is an imperfect measure of a nations overall
level of well-being ?
Problems of the GDP as the indicator of society’s economy and society’s well-being focusing on economy...
Problems of the GDP as the indicator of society’s economy and
society’s well-being focusing on economy and environment.
Explain how in perfectly competitive markets, profit seeking can be a good thing for the economy...
Explain how in perfectly competitive markets, profit seeking can
be a good thing for the economy as a whole. (Hint: specifically
think of the long run equilibrium adjustment process and
outcome)
Explain how in a monopoly market, profit seeking is a bad thing
for the economy as a whole.
An organization’s overall well-being in many instances has a direct tie to economic conditions. This is...
An organization’s overall well-being in many instances has a
direct tie to economic conditions. This is especially true for
businesses whose products or services are elastic (i.e. price
sensitive) or depend heavily on consumer’s discretionary income
(i.e. non-necessities or luxury items). This has forced many
companies to become more “lean” in terms of their workforces, which
in turn has had an impact on compensation practices. One of which
is moving to more “performance based pay models”. Research
this topic and...
Discuss how the concept has evolved to include wellness, illness, and overall well-being. How has health promotion changed over time?
Discuss how the concept of "health" has changed over time. Discuss
how the concept has evolved to include wellness, illness, and
overall well-being. How has health promotion changed over time? Why
is it important that nurses implement health promotion
interventions based on evidence-based practice?
1. Define health determinants that affect the health and well-being of individuals. Health promotion and disease...
1. Define health determinants that
affect the health and well-being of individuals. Health promotion
and disease prevention may require behavioral modifications.
Discuss what modifications and interventions may be utilized.
2. Since 1980, the United States has
undertaken a set of “10 year plans” called Health People
Initiatives. What are the major differences between Health People
2020 from any of the previous Health People Initiatives?
What is the role of science and technology in the care of the health and well-being...
What is the role of science and technology in the care of the
health and well-being of people?
Compare some novel invention that has benefited the health of
the communities in different parts of the world.
Explain the role of macro and micronutrients for nutritional health and well-being.
Explain the role of macro and micronutrients for nutritional
health and well-being.
Cardiorespiratory fitness is widely recognized as a major component of overall physical well-being. Direct measurement of...
Cardiorespiratory fitness is widely recognized as a major
component of overall physical well-being. Direct measurement of
maximal oxygen uptake (VO2max) is the single best measure of such
fitness, but direct measurement is time-consuming and expensive. It
is therefore desirable to have a prediction equation for VO2max in
terms of easily obtained quantities. A sample is taken and
variables measured are age (years), time necessary to walk 1 mile
(mins), and heart rate at the end of the walk (bpm) in...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Increase all of the listing prices by 5% for all listings under $500,000 and 10% for...
- Samsung Industry that requires you to act as a change agent to form an organizational change...
- Use fork() Create a program that reads characters from an input file. Use fork to create...
- A pension fund manager is considering three mutual funds. The first is a stock fund, the...
- Compute the cost of not taking the following cash discounts. (Use a 360-day year. Do not...
- During his project presentation, Bob falls sick and performs poorly. However, his colleague, Dan, concludes that...
- A sample human input file that contains test values that a human would enter on the...
ADVERTISEMENT