Asked by Bailey Hembree on Apr 27, 2024
Verified
Economic need is the primary motivator toward work.
Economic Need
Economic Need refers to the minimum level of income deemed adequate in a particular country, considering the necessity to purchase essential goods and services.
Primary Motivator
The main driving force behind an individual's actions, behaviors, or pursuit of goals, often tied to personal values or desires.
- Distinguish between intrinsic and extrinsic motivators and their effects on employees.
Verified Answer
TF
Tyler FieldsApr 28, 2024
Final Answer :
True
Explanation :
This statement is generally accepted in economics as the main reason people work is to earn enough money to meet their economic needs - such as providing for themselves and their families, paying bills, and purchasing goods and services. While other factors may also motivate individuals to work, such as personal fulfillment, societal contributions, and career advancement, these are often secondary to the economic need.
Learning Objectives
- Distinguish between intrinsic and extrinsic motivators and their effects on employees.
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