As well as making money, businesses also have social responsibilities. Do you agree or disagree?

The idea that,

besides

making money, enterprises

also

need to have public responsibilities remains a source of controversy

.

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.

In my opinion, while generating profit is the top priority for each company, I agree that they should

also

conduct their business in a socially responsible manner. On the one hand, the efforts of companies to maximise their profits may have some benefits for society as a whole

.

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.

[1]

Firstly

, the higher the profits earned by enterprises, the more taxes they pay to the government.

As a result

, authorities may have more revenue to spend in key fields, including education and health care, which leads to an improvement in the quality of life of the whole community. [2]

Secondly

, by earning huge

profits

Suggestion

profit

companies have the opportunity to grow their business.

For example

, firms could use their capital to expand their production, creating new job opportunities within the community.

On the other hand

, there are strong reasons why businesses should

also

accept that they have social responsibilities. [1] The

first

reason is that their activities have an effect on the environment. Without controls, production processes may result in serious environmental degradation

,

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,

such

as global warming stemming from factory emissions or the irresponsible disposal of industrial waste.

For example

, if factories installed waste treatment systems

instead

of discharging chemical wastes into rivers

,

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,

water pollution could be controlled. [2] Another reason is that enterprises should help those who are less fortunate, since they have the money to do so

.

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.

For example

, big corporations

such

as Unilever and Vinamilk have enhanced their public image through philanthropic actions

such

as providing scholarships and giving charitable donations. In conclusion,

although

I recognise that making profits is the fundamental principle of business, I would argue that all businesses should profoundly reflect upon their social responsibilities. 290 words