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For-profit and non-for-profit organizations are both present in an Economy Question 35 options: Not-for-profit organizations help in taking care of social wellbeing and for-profits serve
For-profit and non-for-profit organizations are both present in an Economy Question 35 options: Not-for-profit organizations help in taking care of social wellbeing and for-profits serve economic wellbeing, but both use many similar principles and policies in their overall management and working. However, as For-profit organizations make profits, they have a greater capacity for experimentation and therefore innovating. Government funds directed towards innovating activities should therefore give greater emphasis to For-Profit organizations Not-for-profit organizations are set up by the government and use government funds to stay alive. Not-for-profit organizations depend upon for-profit organizations to stay alive, for-profit organizations do not need the not-for-profit organizations
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