Yes, I agre with this statement, like eating is essential for survival of any human being. Same way profit is essential for survival of any human being, same way profit is essential and a must for survival of any business. But a person cannot survive for a long time and cannot lead a healthy life only by eating A person has to perform other activites also sole motive of earning profit cannot survive for a long time. to capture a big share in market and to create the goodwill businessman must have social and individual objective along with economic objective of earning profit. the common social and individual objectives of business are (Explain Social and individual objective of business on page no 24-25).
