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

Firms always aim at making
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rofit, while some people reckon they should take some social obligations. From my perspective, I believe private sectors should contribute more to society than simply making money. On the one hand, it seems logical that companies must maximise their profit in order to survive in the competitive market. Businesses who ignore own development and investment
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technology are more likely to go bankrupt, leading to
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growth of unemployment, which is detrimental to social stability. If a private sector faced the problem of capital flow, any social concerns would be irrelevant.
In other words
, only firms who have good financial health can make a positive contribution to society.
On the other hand
,
besides
of
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apply
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making money, companies should
also
take some social responsibilities in various ways.
Firstly
, they can treat their employees well by setting a ‘living wage’, which help their
stuffs
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to improve living standards. The alternative way is to use their disposable capitals to support local charities, environmental projects and community safety.
Finally
, even businesses do not have
much
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currents to spend on social issues, they can contribute to
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ountry by tax system
instead
of using accounting loopholes. In conclusion,
although
making revenue is the main goal of private firms, I believe they are able to take some social obligations by contributing
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numerous methods.
Submitted by Esther on

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Essentional vocabulary list for IELTS Writing 7+

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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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