for-profit

Meanings

• noun

  A business or organization that is operated to make a profit.

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Variants

List of all variants of for-profit that leads to same result
for-profit , not-for-profit

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'for-profit' is derived from the Latin word 'profiteri,' which means 'to make a profit.'

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first recorded use of the term 'for-profit' in English was in the 16th century.

2. Many large corporations are 'for-profit' entities.

3. The profit motive is a key driver of economic growth and innovation.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Business: A commercial enterprise or venture, especially a large one, that aims to provide goods and services to customers in exchange for money.

2. Capitalism: An economic system based on the private ownership of capital and the means of production, and the operation of the economy through the market prices of supply and demand.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In modern business culture, 'for-profit' organizations are contrasted with non-profit organizations, which operate for the benefit of a particular social cause rather than for the financial gain of their owners or shareholders.

How to Memorize "for-profit"

1. visualize
   

   - Imagine a business or organization that sells products or services to make a profit.

2. associate
   

   - Link the word 'for-profit' with the idea of a business making money.

3. mnemonics
   

   - Remember 'F' for 'for' and 'Profit' for 'making money'.

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