Proft Maximization
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According to classical and neoclassical economist, the objective of firm is to maximize profit. It means profit is the major incentive for a producer to produce goods and services and sell into the market. If profit is absent during the transaction then firm has no motivation to produce the product.
description
Profit is the measuring rod of business success.
Transcript of Proft Maximization
According to classical and neoclassical economist, the objective of firm is to maximize profit. It means profit is the major incentive for a producer to produce goods and services and sell into the market. If profit is absent during the transaction then firm has no motivation to produce the product.
