The top priority of businesses is making money, and they do not need to have social responsibilities. To what extent do you agree or disagree?

There is an argument that social burden should not be applied to commerces because their main purpose is gaining profit. I personally disagree with
this
statement
in particular
for big
companies
,
however
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however,
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I will elaborate more on
this
essay.
Firstly
, businesses need to operate their production by hiring local
labors
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labourers
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. As they produce huge
amount
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amounts
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of money from the
locals'
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locals
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area, they need to hire local people to participate as workers in the company. Owing to
this
, the
companies
will contribute to
increase
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increasing
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the locals' economic level.
For example
, in Indonesia, the government applied a policy that
companies
should hire at least 30% of local people,
otherwise
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otherwise,
show examples
they could not afford
an
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apply
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official permission to operate their production in certain areas.
As a result
, the commerces are not only profit-oriented, but they
also
help locals to improve their life quality.
Secondly
, businesses usually utilize local resources in order to generate their practices. As some
companies
need natural resources,
such
as land and trees, to make their products, it will affect
to
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apply
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sustainability qualities in the
long-term
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long term
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.
Therefore
, they should aware of the environmental damages that might
be happen
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be happening
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in the future.
For instance
, a big company called More had a waste processor in order to reduce the garbage from its production. By preparing
this
technology,
this
company is not only making money, but it
also
helps
keeping
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keep
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the environment clean. In conclusion, commerces
are
Verb problem
do
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not solely aim to make
profit
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a profit
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in their practices, but they should have social responsibilities in terms of local
labors
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labourers
show examples
hiring and providing modern technology to prevent natural
damages
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damage
show examples
.
Submitted by chocolate10 on

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Topic Vocabulary:
  • profit maximization
  • economic development
  • Corporate Social Responsibility (CSR)
  • shareholders
  • moral obligation
  • reputation
  • customer loyalty
  • sustainable business models
  • accountability
  • ethical practices
  • regulations
  • consumer expectations
  • economic sustainability
  • stakeholders
  • social impact
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