As well as making money, businesses also have social responsibilities. To what extent do you agree or disagree?

Some people say that as with making a profit, companies are responsible for
society
Suggestion
the society
. I completely agree with
this
idea because it can make an index to measure a healthy socioeconomic. On the one hand, the main target of each
company
in the
business
area is making
money
, which inherently plays a critical role in
society
. If a
company
has succeeded in making a profit, it generally needs to grow and improve, which means more job positions for new employees, more indirect jobs, and more
money
for other businesses that are related to that
company
.
Consequently
, the level of poverty will decrease, the economy will be more dynamic, and
society
will be healthier psychologically because of the
money
that is
on moving between people. It seems that the
business
leads to various solutions for a part of social problems, and if it can make
money
,
society
is unlikely to face
such
difficulties.
On the other hand
, businesses have social responsibilities to other parts of
society
that are impacted by them, but they are not inherently responsible for them. A big
company
that has chosen a small city to make its factory, which is routine in companies because they want a decline in their costs, can be a good example of how
business
can impact on
society
. But
this
decision can have detrimental effects on local people. Migrating new workers from other areas, using infrastructural facilities like hospitals or schools by that migrated workers, and disappearing traditional cultures because of communication that local people make with
such
workers are some instances of
such
effects. Companies should be responsible for creating enough infrastructures and keeping and celebrating traditional cultures, which give the confidence that
this
selection is a win-win situation for both companies and people who impact directly from their
business
activity.
Consequently
, reduce the socioeconomic gap can have an achievement for businesses. In conclusion,
although
businesses make a positive impact on
society
by making
money
, there are other types of problems,
such
as socioeconomic gap, that root in
business
’ activities, and they should have
this
responsibility to reduce the negative influences of them.
Submitted by mehdi akar on

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Topic Vocabulary:
  • Social responsibilities
  • Corporate social responsibility
  • Ethical behavior
  • Societal impact
  • Stakeholders
  • Profit-driven
  • Public perception
  • Environmental sustainability
  • Community development
  • Human rights
  • Workplace safety
  • Altruism
  • Balanced approach
  • Accountability
  • Consumer loyalty
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