What is the difference between profit and wealth maximazation?
Pls give practical examples
I was facing diifculties for understanding
What is the difference between profit and wealth maximazation?
Pls give practical examples
I was facing diifculties for understanding
Profit maximisation as the name suggest .. means increasing profit
Whereas Wealth Maximisation is a wider concept which is not just limited to profit. And considers long term view
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