The major difference between businesses and nonprofit organizations is that only businesses can increase the standard of living,while only nonprofit organizations can improve the quality of life.
The standard of living refers to the amount of goods people can buy with their money.Both businesses and nonprofit organizations can produce and distribute goods and services,so they both affect the standard of living.Similarly,both businesses and nonprofit organizations can have an impact on the physical environment,health care,and other determinants of the quality of life.

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Both businesses and nonprofit organizations can have an impact on both the standard of living and quality of life. Nonprofit organizations can also produce and distribute goods and services, and businesses can also improve the quality of life through their products and services. The distinction between the two is not as clear cut as suggested in the statement.

The Major Difference Between Businesses and Nonprofit Organizations Is That