to maximize profits
21Microeconomic Pricing Model — A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an invisible hand that guides… …
22Theory Of The Firm — A microeconomic concept founded in neoclassical economics that states that firms (corporations) exist and make decisions in order to maximize profits. Businesses interact with the market to determine pricing and demand and then allocate resources …
23Endogenous growth theory — Development Economics …
24Cournot competition — is an economic model used to describe an industry structure in which companies compete on the amount of output they will produce, which they decide on independently of each other and at the same time. It is named after Antoine Augustin Cournot[1] …
25profit — prof|it1 W1S1 [ˈprɔfıt US ˈpra: ] n [Date: 1200 1300; : Old French; Origin: Latin profectus, past participle of proficere; PROFICIENT] 1.) [U and C] money that you gain by selling things or doing business, after your costs have been paid ≠ ↑loss… …
26For-profit education — (also known as the education services industry or proprietary education) refers to educational institutions operated by private, profit seeking businesses. There are two major types of for profit schools. One type is known as an educational… …
27Oligopoly — An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). The word is derived, by analogy with monopoly , from the Greek ὀλίγοι (oligoi) few + πόλειν (pólein) to sell . Because there are …
28Economic history of the People's Republic of China — Throughout most of the nineteenth and twentieth centuries, as during much of earlier Chinese history, the economy was barely able to meet the basic needs of the country s huge population the largest in the world. In normal years the economy… …
29Social business — A social business is one which aims to be financially self sufficient, if not profitable, in its pursuit of a social, ethical or environmental goal. Examples of social businesses in the United Kingdom included [http://www.ethicalproperty.co.uk/… …
30Green Enterprise Toronto — is a local sustainable business alliance dedicated to helping independent businesses and customers to become greener and to think local first. GET Mission Statement Buy Local, Fair, and GreenGreen Enterprise Toronto (GET) works to strengthen our… …
