There are two types of organizations, for-profit and nonprofit, especially in terms of their financial and economic policies. The first main difference between the two is the fact that for-profit companies are generally founded to generate income for entrepreneurs and their employees, while nonprofits are generally founded to serve a humanitarian or environmental need. In term of financial policies, non-profit organizations place all their donations and financial means into their programs, services, research, education etc., in order to help raise awareness to help support their cause. On the other hand, for-profit organizations use their finances toward employees, services, and products. “These companies rely on earned income and credit arrangements
