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It does turn a profit. You can be a non-profit and still turn a profit. You just don’t get taxed for generating income the same way, since we assume the profits help the greater good; since, we as a people, (not greed)(ideally) deemed it to be so.

That's not the main difference. The main difference is that the profits can not be paid out investors. They have to be re-invested in the company.

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