AS WELL AS MAKING MONEY, BUSINESSES HAVE SOCIAL RESPONSIBILITIES. DO YOU AGREE OR DISAGREE?

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Business and
profits
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go hand in hand.
However
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, it is often believed that making money is not the only
responsibility
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of a business. There are several social obligations as well. I agree with the statement. In
this
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essay
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,essay
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I will discuss the same.
To begin
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with, large companies earn huge
profits
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, and their job is not only to make money but to help the deprived sections of society. They should take it as a
responsibility
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and spend some share of their
profits
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to fulfil the basic needs of poor people.
For instance
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, the charitable organisation by Bill Gates is doing great work in India and other parts of the world. There are more NGO's doing charity work. If they stop doing it, many people will not be able to have a meal even. Apart from
this
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, big companies get a lot of benefits and privileges from the government, and
hence
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they should repay it.
This
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would help lawmakers to bring improvements to society. Multi-millionaires should come in with support in emergency times.
For instance
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, recently Tata Group helped India by giving PM Care Fund huge amounts of charity.
Therefore
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, corporate social
responsibility
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is extremely important as
this
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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
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towards the whole nation and should spend a part of their
profits
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on social services too.
Submitted by rahul.verma3129 on

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Word Count

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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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