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

Businesses
have sets of principles. Earning profits has the same importance as social responsibilities for
businesses
. I largely agree with
this
point and I will outline my reasons in
this
essay. There are other factors which accompany the purpose of making money that promotes companies in long term.Social responsibilities have played a crucial role to hold
businesses
in their paths.To name an exquisite example , there were companies which produced plastics.
Although
they reached the niche of becoming prosperous , it was only for a short time Because as people figured out the disadvantage of plastics that harms the environment due to incapability to recycle , most people refused to buy them and those
businesses
have become faded in long term. In most developed countries , government determine obligation for
businesses
in terms of social responsibility
such
as environmental responsibility by establishing taxes and allocating budget for campaigns to observe the function of
businesses
.
Hence
, companies should respect and follow the rules to stay in the market.
For instance
, in the USA , green taxes are enacted and the founders who refuse to respect their devastating product should pay taxes. To conclude , I’m on the same page with
this
approach of having social responsibility
besides
making money because of government function and
also
repercussions in long term.
Submitted by samarheydari76 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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