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Access the full feature set for this content in a self-guided course! The goals of entrepreneurs are varied and individualized but can include the achievement of independence, financial success, or social change.
Let us make in-depth study of the following major goals of a business firm: Profit maximisation approach about the behaviour of the firm is one of the most fundamental assumptions of traditional neo-classical economic theory. The attempt of the entrepreneur to maximise profit is regarded as the rational behaviour of the entrepreneur.