An Expository Note on the Alternative Goals of the State or Principal

Abstract

The aims of this study are i) to match possible theoretical goals with economic policy goals which are required for the development strategy and ii) to show the quantities required in order to reach those goals. This paper also assumes that the goals cannot be necessarily profit maximization, sales maximization and social welfare maximization, by itself. It can also be a hybrid combination of them. Based on this assumption quantity of production is shown for each of the combinations.

Keywords: Profit Maximization, Sales Maximization, Social Welfare Maximization, State, Development

JEL Classification: D40, D43