Profit Is Not the Main Purpose of Business

Many in our society hold a common misconception of the real purpose of business.  This misconception is that the sole reason for business is to make a profit.  Similarly, many also believe that profit is an evil, in some cases maybe a necessary evil, but still an evil.  In the following video clip from the book launch for A Catechism for Business, Dr. Abela discusses the purpose of business and the Church’s views on profit.  
 

Profit is not the purpose of business.  It is legitimate and required, but it is not the purpose of business.  The purpose of business is to do some good for some group of people.  Pope John Paul II said in Centesimus Annus, 35, “The purpose of a business firm is not simply to make a profit, but is to be found in its very existence as a community of persons who in various ways are endeavoring to satisfy their basic needs, and who form a particular group at the service of the whole of society.”

Follow this link or watch the video below: https://www.youtube.com/watch?v=wI-q-kIIfrM