would the economy succeed.
everything would be cheaper in the form of profits being passed onto the customer.
...............................................................................
Keepling in mind that nonprofits do in fact make "profits" (called revenue) they just don't turn that profit over to shareholders, they turn it back into funding the mission of the organization. Also, nonprofit organizations receive funding from somewhere, yes? And one source of funding is from goods/services donated by or sponsorships from (gasp) places like Walmart and other successful organizations. And companies like Walmart hire people who also take part of their checks and may donate it to nonprofits of their choice. If all companies were nonprofit, there would be no funding sources to supply the necessary income to maintain operations.
...............................................................................
Communism was tried and failed in the Soviet Union and its satellite countries. Without profit, people aren't motivated to work harder or smarter so the entire economy suffers.
...............................................................................
then there would be no motivation for people to run the businesses and therefor the economy would come to a halt.
What if every company were non profit including walmart?
This entry was posted on 3:29:00 AM and is filed under Corporations . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.