human
I'm a bit confused by the terms ‘non-profit' and ‘for-profit'. What are the differences between these two?
assistant
Non-profit organizations are typically funded through donations, grants, or other forms of fundraising. They provide services to their members or constituents without expecting anything in return. For-profit companies are businesses that generate income from selling products or services. They may be organized as corporations, partnerships, limited liability companies, cooperatives, or trusts.