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As a firm that issues shares to outside investors, it should in theory strive to maximise profits in the long run.
Capabilities, says Mr Sen, are ends that economists should strive to maximise: income is just one of the many means by which we get there.That begs the question of which capabilities a society should maximise.
"I think what Boris Johnson was powerfully and, as ever, controversially, setting out was that we are all born with different talents and abilities, and naturally people are different but it's up to each and every one of us to strive to maximise what we do with our God-given ability," he said.
As farmers are rational decision makers, they strive to maximise return by allocating their resources, mainly land and labour, for the higher economic return activities.
HSI incorporates a set of processes wherein the tasks, operations and technology in the systems under development are matched to the capabilities and needs of the personnel to be employed within them, while striving to maximise the contribution the entire human system ensemble makes to operational effectiveness (Strain and Preece 1999).
Other HHCP studies have considered the allocation and routing of single sets of home care visits; the current study is concerned with providing a series of visits for each patient over a number of days, striving to maximise continuity of care, while minimising the total travel time.
A business that is accountable to all is in effect accountable to no one, says Ms Bernstein.She does not take the absolutist view that companies should strive only to maximise profits while obeying the rules.
Being a terminologist, I care about word choice. Ludwig simply helps me pick the best words for any translation. Five stars!
Maria Pia Montoro
Terminologist and Q/A Analyst @ Translation Centre for the Bodies of the European Union