Economics GCSE
Profit motive
What Profit motive means in Economics GCSE, as defined for AQA.
Definition of Profit motive
Check what you remember
Read the wording for your board, then hide it and explain Profit motive in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Higher prices offer greater profit margins, incentivising firms to increase output and attracting new firms to the market.
Topics that use Profit motive
- Supply for goods and services (AQA GCSE)
Related terms
- Change in supply
- Costs of production
- External shocks
- Goods and services
- Government intervention
- Indirect taxes
- Law of supply
- Market forces
Using Profit motive in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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