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Chapter: 11th Commerce : Social Responsibility of Business and Business Ethics

Social Responsibility of Business and Business Ethics

A business entity carries out economic activities on a regular basis to earn profits.

SOCIAL RESPONSIBILITY OF BUSINESS


Introduction

A business entity carries out economic activities on a regular basis to earn profits. These entities spend money on different aspects of business which do not give them profit directly. For example, businessmen take the responsibility of maintaining and developing gardens and parks on streets and squares in cities. Some businessmen engage themselves in research for improving the quality of products; some provide housing, transport, education and health care to their employees and their families. In some places businessmen provide free medical facility to poor patients. Sometimes they also sponsor games and sports at national as well as international level.




 

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11th Commerce : Social Responsibility of Business and Business Ethics : Social Responsibility of Business and Business Ethics |


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