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Q: Is maximising welfare a prerequisite for maximising wealth?
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What is the difference between maximising wealth and maximising profits for corporations and which you think is superior?

what is the difference between maximising wealth and maximising profits in a corporation and which do you think is superior?


What do you understand by the term maximising the owners wealth?

Maximizing the owner's wealth means, In short & medium organization- maximize the profit of the organization. And in Corporation- maximize the value of share. hazrasabbir@yahoo.com


Economics was the science of wealth it is now science of human welfare State and explain?

Because of the improvement or it means to know


Why is the GDP not an accurate measure of welfare?

When GDP is divided among a population, it gives a average value for every person. But within a population, it is common to some have people with higher wealth and welfare and some people with lower welfare. By showing an average value for each person, it may be over-valueing or under-valueing an individuals welfare.


How does the economic theories impact on the social welfare development?

Generally, economic theories of all types and ideology have three principle effects on social welfare: 1) the total amount of wealth in that society; 2) the institutions, methods, and production which that wealth is invested in; 3) the distribution of that wealth amongst society's members. Economic theories propose and define how resources are organised to produce desired outcomes. With these outcomes, theories define what powers or methods will control or invest this wealth. Finally, the theories determine what obligations society has to its members and how these obligations are met. In terms of development, theories differ greatly because they advocate different methods, institutions, and distributions of income - all of which affect how a society develops economically.

Related questions

What is the difference between maximising wealth and maximising profits for corporations and which you think is superior?

what is the difference between maximising wealth and maximising profits in a corporation and which do you think is superior?


Critically evaluate the concept of maximising shareholder wealth and competing theories?

ask david fisher. he will know


What is the primary goal of a company in finance?

the company should made investment and financing decisions with the aim of maximising long-term shareholder wealth.


What is profit seeking organization?

Some organisations,such as companies and partnerships, see their main objective as maximising the wealth of their owners. Such organisations are often referred to as 'profit - seeking'


In what ways is wealth maximization objective superior to the profit maxim?

Wealth maximation aims in maximising Shareholders wealth, employees wealth, profiting the external and internal parties of the firm, vendors, vendees, customers, investors, employers and all the parties interested in the benefit of the company. Wealth maximation results in increased goodwill, branding and reputation of the company. Where as profit maximation only deals with increased profits. Wealth maximation is a wider concept


What do you understand by the term maximising the owners wealth?

Maximizing the owner's wealth means, In short & medium organization- maximize the profit of the organization. And in Corporation- maximize the value of share. hazrasabbir@yahoo.com


Compare and contrast Robert nozick and john rawls?

Robert Nozick and John Rawls are both influential political philosophers who have differing views on justice. Nozick is a proponent of libertarianism, which prioritizes individual rights and minimal government intervention. Rawls, on the other hand, argues for a form of distributive justice that aims to reduce inequality through principles such as the difference principle. While Nozick is more concerned with procedural justice and individual rights, Rawls focuses on outcomes and social justice.


What is the definition of maximising?

Definition of Maximising by Kayors Let me present an illustration to explain this: One often uses the phrase of "maximise profits" in economics. The term maximise or maximising here means to keep profits as high as possible.


What do you mean Wealth management?

Wealth management is a service offered by investment firms to essentially look after your assets, and maximise their value. For example, they may invest your cash into rental property markets, or build a healthy portfolio of stocks and shares.


Economics was the science of wealth it is now science of human welfare State and explain?

Because of the improvement or it means to know


How do australians spell maximising?

Australia, like most English-speaking countries (except the US) use British English.Therefore in Australia the spelling is maximising.


Why is the GDP not an accurate measure of welfare?

When GDP is divided among a population, it gives a average value for every person. But within a population, it is common to some have people with higher wealth and welfare and some people with lower welfare. By showing an average value for each person, it may be over-valueing or under-valueing an individuals welfare.