Various Economic Motives and Examples (Full Discussion)

Various Economic Motives and Examples - In this discussion, aboutknowledge.co.id will discuss the various economic motives. One's economic motives when doing economic action not only driven by one desire but driven by many desires. The various economic motives that encourage humans to carry out various activities will be explained below.

Various Economic Motives and Examples

Let's discuss in full what the economic motives are here.

Various Economic Motives

There are several kinds of economic motives, including:

1. Motives in Meeting Needs

The motive for fulfilling a need is a human action driven by a desire to fulfill a need. To maintain their survival, everyone has needs, both in the form of goods and services that must be met. Usually these needs are unlimited, while the means of satisfying them are limited. Therefore, everyone must do careful and mature calculations in order to get the results as expected. The tendency of humans is to always achieve prosperity for their lives. Prosperity is defined as a condition where humans can fulfill most of their lives.

Example: someone works hard to earn money which later the money can be used to meet their daily needs.

2. Motive of Earning Profit

The motive for making a profit is anything that encourages people to take economic actions to earn a profit. A person fulfills his life needs based on motives or hopes for profit/profit. This motive is an impulse that arises with the aim of obtaining additional benefits, both in the form of money and goods. By getting profits, it is hoped that a person's wealth can increase and he can maintain his life better.

Example: a fruit seller who sells fruit of good quality at relatively low prices and serves it in a very friendly manner. Many people buy so he gets a lot of profit.

3. Motives for Gaining Economic Power

The motive for gaining economic power is the desire of people who are already prosperous, but still take economic action because of the urge to gain power in various business activities in economy.

Example: In one kelurahan there is an election for a new village head. Pak Wibowo is one of the candidates for the village head, he finances the repair of damaged roads in his village, organizes treatment free to the community in his village with the hope that in the next village head election, he will get support from the community around.

4. Motive to Get Award

The motive for getting an award is a human action that is driven to get an award. Appreciation from other people will give satisfaction to the perpetrators of economic activities. The award in question is not just getting a compliment or a charter but also wanting a higher social status from the surrounding community.

Example: there is a manager or entrepreneur who continues to carry out economic activities with hard work even though he has achieved profits and prosperity. This is done so that he appears as a reliable and respected manager. These achievements often lead to awards from the government and business circles. For example, the manager is classified into the Top Manager version of an economic magazine and the company he manages receives an award from the government.

5. Social Motive

Social motives are everything that encourages people to take economic actions because they want to help others. Humans are economic creatures as well as social creatures. In addition to paying attention to self-interest, humans must also care about others. Social motives are encouragement that the economic actions they take can provide benefits or benefits for others.

Example: someone has been successful with his business and then he built a foundation for nursing homes and orphans.

So that's a brief discussion about Various Economic Motives and Examples, hopefully can provide benefits for readers. Thank you so much

^{Source: Integrated Social Sciences Class 7 Mandate}