In economics it is generally assumed that maximizing profit or minimizing loss is the fundamental objective of:

Question

Quizplus · Accepted Answer

The fundamental objective of maximizing profit or minimizing loss applies to all types of business organizations, including corporations, partnerships, and sole proprietorships. This principle is a basic tenet of economics that guides the decision-making processes of businesses regardless of their structure.

In Economics It Is Generally Assumed That Maximizing Profit or Minimizing