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

As well as making money, businesses also have social responsibilities, do you agree or disagree?
#money #businesses #responsibilities
Many individuals believe that businesses have social responsibilities, alongside earning
money
.
However
, I partly agree with
this
 statement. Some people think that companies should only concentrate on making
money
 rather than their social responsibilities for two main factors.
Firstly
, if a factory considers the social effects of their products excessively, they will suffer from the hard-tight rules and standards, which prevent the
business
 from progressing.
In other words
, these corporations will be asked to be more cautious and not to take risks in order to gain more
money
.
For example
, if companies that work on AI were worried about people's personal security too much, they would not make
such
 progress that they have made by now, as they have access to every detail of a person's life.
Secondly
, caring about the social impacts of a
business
 sometimes affects the income of a factory as well. After producing a product, it can bring about some side effects for consumers, and if the producer is responsible for paying compensation, their income will become lower, because they have to cover the damages made to the consumers.
On the other hand
, businesses should be socially responsible for two major reasons. These traders are doing
business
 in a country, and they are more powerful than ordinary people,
due to
 the fact that they have more
money
.
Thus
, they must be responsible to the public. It is a global rule that those who earn more
money
 in a
business
 must take responsibility as well.
Moreover
, in some cases, safety is more important than making progress. To exemplify, biotechnological goods are really dangerous and should be used and produced in a safe manner. These products can easily create health issues like those related to one's digestion.
As a result
, their producers have to take care of
this
 situation. In conclusion, in spite of the fact that companies are trading and making
money
 by that, they should
also
 consider social responsibilities for numerous reasons.
Submitted by mohammadmgh1381 on

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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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