Iscuss the arguments supporting and criticising this viewpoint: All firms, in the end, are run to make the most profit they can.
Essay titile one:
Discuss the arguments supporting and criticising this viewpoint: All firms, in the end, are run to make the most profit they can.
Reading: Lecture notes section two parts 2 and 3, section three part 3 see section two and section three reading.
THE QUESTION IS ABOUT ALL FIRMSSMALL AND LARGE, COMPANIES AND CO-OPERATIVES, LIMITED AND UNLIMITED LIABILITY FIRMS. THE ARGUMENTS IS THAT THERE ISNT 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 MAXIMISIE PROFIT? HOW MUCH EVIDENCE IS THERE FOR THIS ARGUMENT? ARE THERE SDIFFERENT 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.
GOVERNING BUSINESS ACTIVITY LECTURE NOTES, CHRIS FULLER
SLOMAN,J. AND HYNDE, K. (2008) ECONOMICS FOR BUSINESS, FT/ PRENTICE HALL, LONDON