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

These days, apart from having an income, founders

also

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carry a number of duties for society. I fully agree with the statement, as once an employer starts a new business, he takes obligations to the people he hires.

Besides

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, founders have no choice as a matter of fact a heavy load of social needs lies on their shoulders. First of all, I believe that responsibilities have already been fulfilled by opening new vacations, hiring new employees with reasonable wages, providing health insurance for contract holders and even booking membership in a gym for personnel.

Moreover

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, there is a widespread tendency among businessmen to do charity once or twice a month.

For example

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, in Armenia doing a charity reduces

taxes

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with an amount of applied charity.

This

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is a kind of motivation to involve businesses to help homeless people and people in need.

Second,

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from my perspective,

this

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matter is accomplished by the government with the help of gathering

taxes

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.

Taxes

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were created to collect money from entrepreneurs to meet the needs of society. Business holders already carry the burden of responsibilities which is mandatory for anyone.

For instance

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, in many countries retirement is covered by the budget of paid

taxes

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.

To sum up

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, indeed making money is the main purpose of most businesses.

However

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, undoubtedly they allocate a fifth of their income to social needs,

such

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as paying salaries and maternity leaves, doing charities, and providing insurance and other bonuses.

That is

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why I consider that companies have as significant importance on their social responsibilities as they do on their financial goals.