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

Business and
profits
go hand in hand.
However
, it is often believed that making money is not the only
responsibility
of a business. There are several social obligations as well. I agree with the statement. In
this
essay
Add a comma
,essay
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I will discuss the same.
To begin
with, large companies earn huge
profits
, and their job is not only to make money but to help the deprived sections of society. They should take it as a
responsibility
and spend some share of their
profits
to fulfil the basic needs of poor people.
For instance
, 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
, big companies get a lot of benefits and privileges from the government, and
hence
they should repay it.
This
would help lawmakers to bring improvements to society. Multi-millionaires should come in with support in emergency times.
For instance
, recently Tata Group helped India by giving PM Care Fund huge amounts of charity.
Therefore
, corporate social
responsibility
is extremely important as
this
would contribute to making the world a better place to live in for everyone. In conclusion,
although
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 rahul.verma3129 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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