hagnaðarskynið
Hagnaðarskynið refers to the profit motive, a fundamental concept in economics and business. It describes the drive of individuals and organizations to generate financial gain or profit through their activities. This motive is considered a primary engine for economic growth and innovation in market-based economies. Businesses operate with the aim of earning more revenue than their expenses, with the surplus being profit.
The profit motive influences decision-making at various levels. For entrepreneurs, it provides the incentive to take
However, the profit motive is not without its criticisms. Some argue that an excessive focus on profit