Definition, Meaning & Synonyms

for-profit-enterprise

Noun

/fɔr ˈprɒfɪt ˈɛn.tə.praɪz/

Definition

A for-profit enterprise is an organization that aims to make a profit by providing goods or services.

Examples

Tech startups are often considered for-profit enterprises because they are focused on growth and revenue generation.
The for-profit enterprise model allows companies to reinvest profits into their operations to expand their services.

Meaning

It refers to businesses that operate primarily to generate financial gains for their owners or shareholders, as opposed to non-profit organizations, which focus on serving a social cause.