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 organized to provide services or benefits for the public good, while for-profit businesses are usually structured to generate profits. Nonprofits often rely on donations or grants from individuals, foundations, and government sources, while for-profit businesses may have investors who expect financial returns. Nonprofits tend to be more focused on providing essential social services such as education, health care, housing, food, and disaster relief, whereas for-profit businesses can focus on any number of activities that generate revenue.