Your Answer ▼ It is a common belief that the things which are focused on by business owners is when they create a wealth. However, there is a more persuasive argument that a desire to save heritage is a negative thing that can lead to financial misconduct on the part of business owners.
On the one hand, the national economy can faster growth when an entrepreneur gets motivation by money. The desire to aquire wealth propels them to make their businesses more successful. A fast successed success in business is useful in society because it makes the overall of economy growing faster. For example, when companies seek to maximize their profits, it eventually leads to corporate growth. This increases cash flow in the overall economy and boosts economic production. To keep up, companies have to hire more people, which creates more jobs and leads to even more money entering the economy.
Nevertheless, focusing on profit is able to lead to financial crimes such as graft, bribery, and extortion. People may be tempted to skirt laws, such as anti-monopoly and corruption regulations, to make even more money if they focus too much on making themselves rich. This is evident from studying the economic growhth of some Asian countries. As these countried shifted to free market systems, the desire for wealth became widespread and the amount of wrongdoing increased dramatically. It brings a destruction of traditional society regulations and eventually disrupted the development of these fledgling economies.
To sum up, there are advantages to encourage that entreprneues want to get wealth, it is evident that there are bigger disadvantages than advantages things. |