Paper

The ascertainment of business profits is aimed at answering the question whether the business has reached its target. The characteristic of our system of production is the object of making profits. Possibly some may feel this definition to be too narrow, bearing in mind the modern tendency to stress the social purposes of the business. This development, however, does not alter the fact that production in a community is governed by economic principle, nor does it affect the convention that in business economics the working of economic motives is the particular object of study and that the problems must be dealt with from this point of view.