The objective of profit maximization should be constrained by the requirement that profits be achieved through both legal and ethical means.
This is the term in Economics that the producer uses to get the most output that they can get based on the quantity of input that they have used in a business venture. When people go into business what they would like is to be able to get the best output that they can based on the quantity of investment that they have made in the venture.
This can be done in the long run as well as the short run by the profit maximizing firm. Hence we can say that The objective of profit maximization should be constrained by the requirement that profits be achieved through both legal and ethical means.
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