landowner objectives o Two basic economic theories utility maximization and profit maximization, have been used to test hypotheses about private forest management o Various individuals, firms communities may have theirs own forests objectives o Take the objectives and motivations of NIPF for example(table 3.1).landowner objectives u Two basic economic theories ,utility maximization and profit maximization ,have been used to test hypotheses about private forest management . u Various individuals ,firms ,communities may have theirs own forests objectives . u Take the objectives and motivations of NIPF for example (Table 3.1)