Profit maximization aim of bussions may lead to social equality
Answers
Answered by
11
The profit maximisation aim of business may lead to social equality - True
Maximizing profit is a firm's traditional strategy and principal goal. It ensures that any decision relating to business is calculated in the light of the gain.
The aim of profit maximisation implicitly provides for the social welfare and social equity.
Profits in business prove efficient resource utilization and allocation. The distribution of resources and the payments for land , labour, capital, money, and organization is responsible for the overall social and economic welfare
Similar questions