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

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

, 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

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

For example

, in Armenia doing a charity reduces

taxes

with an amount of applied charity.

This

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

Second,

from my perspective,

this

matter is accomplished by the government with the help of gathering

taxes

.

Taxes

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

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

taxes

.

To sum up

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

However

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

such

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

That is

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