Profit vs Non-Profit

What is the purpose of a for-profit organisation?

The purpose of a for-profit organization is typically to generate profit for its owners or shareholders by providing goods or services in the marketplace.

What is the purpose of a non-profit organisation?

Non-profit organizations are typically focused on serving a specific mission or cause rather than generating profit. They often aim to address social, cultural, educational, or humanitarian needs within communities.

Can for-profit organisations serve the same role as a non-profit organisation?

For-profit organizations can sometimes support similar causes or missions as non-profit organizations through corporate social responsibility initiatives or philanthropic efforts. However, their primary purpose remains generating profit for their owners or shareholders.