As well as making money, businesses also have social responsibilities. Do you agree or disagree?

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One of the most topical issues in modern
society
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is the social obligations of
businesses
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. There are those who say that
businesses
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should only focus on making a profit,
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however
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,however
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others believe that
compnies
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companies
should
also
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contribute to
society
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. I completely agree with the idea that
businesses
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should do more for
society
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than simply
making
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make
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money, and I will set out my reasons below. There are a number of reasons why people believe that
businesses
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’ sole
reponsibility
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responsibility
is to make a profit.
Firstly
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,
businesses
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must make money in order to survive in a competitive world. If a company does not make money, it will go out of business, and
this
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will cause people to lose their jobs and negatively affect the economy.
Secondly
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, if entrepreneurs know that a significant proportion of their profits will go to social causes, it may discourage them from starting new
businesses
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in the
first
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place.
On the other hand
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, there are
also
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strong arguments for the idea that
busnesses
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businesses
have a wider role to play in
society
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. Perhaps the strongest argument in favour of
this
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viewpoint is in the area of environmental responsibility.
For example
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, all
businesses
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should make sure that their products and waste products do not pollute the environment.
Secondly
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,
businesses
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should
also
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spend some of their profits on charity programs. If companies help to improve the communities around them, they will benefit in the long run. Having considered both sides of the issue, I would argue that companies should place as much importance on their social responsibilities as they do on their financial objectives. After all, it is in their own best interests in the long term to help to develop their economies and societies.
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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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