All firms, in the end, are run to make the most profit they can.

ESSAY TITLE

Discuss the arguments supporting and criticising this viewpoint below:



 All firms, in the end, are run to make the most profit they can.



READING:

See Lecture notes Section Two parts 2 and 3.





ESSAY TIPS

The question is about all firms  small and large, companies and cooperatives, limited and unlimited liability firms. The argument is that there isn t really any difference between any of these when it comes to their motivation. Your task is to examine this view. Why do economists (usually) argue that all firms have to maximise profit? How much evidence is there for this argument? Are there different views about what firms are run for? Could the  in the end part of the question be important here? At the conclusion, say where you stand, and why

Havard Style