An Expository Note on the Alternative Goals of the State or Principal
International Journal of Economics and Research, Vol. 7, No. 4, p. 22-37, Aug 2016
16 Pages Posted: 11 Oct 2016 Last revised: 29 May 2017
Date Written: August 1, 2016
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
Suggested Citation: Suggested Citation