As well as making money business have social responsibilities. Do you agree or disagree.

Nowadays, more and more business firms have engaged in charitable works and give funding to educational institutions in order to improve the lifestyle of poor
people
. It is important that, while improving economical
benefits
and business establishment, to perform some social responsibilities to attaining a standard in life of economically competent
people
.
This
essay will discuss how vital entrepreneurs involve in social responsibilities. To start with, because of utilizing local resources, the
companies
have a social responsibility too. Even if the local
people
get job opportunity and show a hike in their financial
benefits
, the
companies
have some other responsibilities in the community. As an example, IBM, a multinational company which provide fund for schools and colleges in the countryside to facilitate a high percentage of literacy rate among poor children. These
activities
improve the welfare and educational status in a remote area.
Furthermore
, some
companies
have interested in the health and research field. They provide fund and other facilities to the local hospitals and health care centres.
For instance
, Appolo hospital has arranged a cataract surgery campaign among low-income senior citizens in slum area for the
last
10 years. Most of the slum residents unable to attend a hospital for surgery because of their poor economic status, whereas it’s a great opportunity for
such
people
.
On the other hand
, the business firms that have engaged in charitable and other social
activities
get
benefits
from the government. To illustrate, if they engage in social
activities
then
they get a reduction in their tax. Though they spend some amount on charity, they get a tax reduction which
benefits
them more. To conclude,
this
essay had discussed how and why it is necessary for
companies
to participate in social
activities
as well as making a profit. In my view,
this
will help both the company and the public. If the
companies
provide enough fund for backwards society
then
they can improve their lifestyle
Submitted by kikky on

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Topic Vocabulary:
  • social responsibilities
  • contribute
  • well-being
  • community
  • philanthropy
  • sustainability
  • ethical
  • trust
  • reputation
  • accountable
  • profit-making
  • balance
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