Profit maximisation

From ACT Wiki
Revision as of 13:39, 1 May 2018 by imported>Doug Williamson (Link with Classical economics page)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

The objective, or the practice, of maximising profits.

In classical economics, all market participants are assumed to be rational and profit-maximising.


See also