The business main goal is to make profit.

Maximizing profit is one of the best way to

make the business successful.

The benefit of maximizing profit are as follows:

1. Profit can be used to pay higher wages to owners and workers.

2. Profit can be used to invest in research and development

3. Profit enables the firm to build up savings, which could help the firm survive

an economic downturn

To survive according to Say’s Law on Economics’ Classical Theory, It stated that when

an economy produces certain level of GDP; it also produces the income needed to

purchase that level of GDP.

References:

The Classical Theory retrieved from: https://www.cliffsnotes.com/study-

guides/economics/classical-and-keynesian-theories-output-employment/the-classical-

theory#:~:text=The%20fundamental%20principle%20of%20the,the%20economy%20is

%20self%E2%80%90regulating.&text=The%20classical%20doctrine%E2%80%94that

%20the,and%20interest%20rates%20are%20flexible.

Pettinger, t (2016 May) Profit v Revenue Objectives for Firms, retrieved from

https://www.cliffsnotes.com/study-guides/economics/classical-and-keynesian-theories-

output-employment/the-classical-theory#:~:text=The%20fundamental%20principle
%20of%20the,the%20economy%20is%20self%E2%80%90regulating.&text=The

%20classical%20doctrine%E2%80%94that%20the,and%20interest%20rates%20are

%20flexible.