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

One of the most topical issues in modern
society
is the social obligations of
businesses
. There are those who say that
businesses
should only focus on making a profit,
however
Add a comma
,however
show examples
others believe that
compnies
Correct your spelling
companies
should
also
contribute to
society
. I completely agree with the idea that
businesses
should do more for
society
than simply
making
Wrong verb form
make
show examples
money, and I will set out my reasons below. There are a number of reasons why people believe that
businesses
’ sole
reponsibility
Correct your spelling
responsibility
is to make a profit.
Firstly
,
businesses
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
will cause people to lose their jobs and negatively affect the economy.
Secondly
, if entrepreneurs know that a significant proportion of their profits will go to social causes, it may discourage them from starting new
businesses
in the
first
place.
On the other hand
, there are
also
strong arguments for the idea that
busnesses
Correct your spelling
businesses
have a wider role to play in
society
. Perhaps the strongest argument in favour of
this
viewpoint is in the area of environmental responsibility.
For example
, all
businesses
should make sure that their products and waste products do not pollute the environment.
Secondly
,
businesses
should
also
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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