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

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There is no doubt that profits are the most crucial thing to consider while running businesses.
Therefore
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, some people believe that business organizations should spend some part of
this
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money in social work. I agree with
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statement and will discuss it in the essay.
To begin
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with, big companies earn huge profits from the public and their job is not only to make cash, but to take care of the deprived sections of society.
Thus
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, they should take
this
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responsibility and spend some share of their profit on fulfilling the needs of these people.
For instance
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, Melinda and Bill gates foundation, which is a charitable organisation of the Microsoft, is working a very nice work in India for the upliftment of the poor.
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, if no one would do anything for the betterment of their lives,
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they would suffer and eventually, the whole world will.
Besides
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this
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, business organisations receive a number of benefits and privileges from the government, and
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they should repay it. So, along with the country’s economic growth, they should support and contribute during emergency conditions
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as floods, and earthquakes.
For instance
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, many big companies contributed huge sums of money in the PM Care fund for helping the nation during the recent Coronavirus pandemic.
Therefore
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, corporate social responsibility is extremely important as
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would contribute to making the world a better place to live in for everyone. In conclusion,
although
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making money is the main motive of businesses, I believe that they have the social responsibility towards the whole nation and should spend a part of their profits on social services too.
Submitted by ashi.rajput39 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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