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

Although

earning money is one of the most important factors when people conduct business, those who run

companies

should take social responsibility. In my opinion, while generating profit is the top priority for each company, I agree that firms should have the responsibility to society. There are many reasons why firms should allocate resources to help the community.

Firstly

,

this

may help

companies

promote their public image and increase their sales figures.

For example

, big corporations

such

as Vinamilk and FPT should have philanthropic activities

such

as providing scholarships and giving charitable donations to help those who are less fortunate.

Secondly

, production processes may lead to serious environmental degradation

such

as pollution and global warming stemming from factory emissions and the irresponsible disposal of chemical waste.

Thus

, firms should spend their income installing waste treatment systems and solving these environmental issues along with the governments.

However

, The efforts of businesses to earn their profits may bring some tangible benefits to society. The

first

reason is that they have the opportunity to expand their businesses thanks to their income. So,

this

creates new job opportunities for workers and reduces crime in many countries. Another reason is that the more money

companies

earn, the more taxes they pay to the government.

As a result

, authorities can have more revenue to spend in key fields

such

as education, health care, and transportation. So,

this

contributes to improving the quality of life of local communities. In conclusion,

although

I recognize that increasing profits is the fundamental principle of business, I would argue that all

companies

should be responsible for society.