Question

Nonprofit organizations are

Answer 1

We have studied that a rational producer aims at making profits and his main focus is profit maximization. On the other hand non profit organisations are entities organized under the law that focus on the well being of the society. These are usually set up with a motive or a social cause. The organization's profits are not distributed among its members lt shareholders. These are further invested in the project. These organisations are often used for charity, trust, religious groups etc.