Maximization of Profits and Externalities

Maximization of Profits and Externalities

I completely agree with the claim that the externalities constitute an objection to the claim that the maximization of profits will always promote the general welfare. The maximization of the profits is claimed to promote the general welfare as according to the views of the stakeholder the profit maximization adds more value to every party which is involved in the business practice. The business organization is a major economic and social structures constitutive market economy. It aggregates resources, human, natural, financial, for provide goods or services to domestic customers or for export, it ...