The video tutorial talks about the difference between Profit Maximization and Wealth Maximization. Apart from that, the video explains the basic meaning of the word 'financial management', and the objectives of financial management is discussed. Further, in this video, the meaning of the term 'profit' is given, as well as profit maximization and the arguments against profit maximization objectives are explained.
In the same way, the meaning of the word 'wealth' is given, along with that the concept of wealth maximization has been discussed, along with the advantages of wealth maximization. The video ends with a comparison chart explaining the difference between the two.
Check out this article for further study of the topic: keydifferences.com/difference...