Which statement reflects the main purpose of private sector firms in the Canadian economy? Firms:

Question

Quizplus · Accepted Answer

The main purpose of private sector firms is to maximize profit, which is assumed to be the driving force of their decision-making process. While private firms may also provide services that the government cannot, this is not their primary purpose. Social responsibility and maximizing sales may also be goals of private firms, but they are subordinate to the main goal of maximizing profit.

Which Statement Reflects the Main Purpose of Private Sector Firms