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Profit is only business of business.
Definitely I feel Businessmen are getting richer now and they are not contributing for social causes.
Industries are only spreading all kinds of pollution in society.
Social work done by corporates is miniature as compared to assets they are taking from society.
The fundamental principle of business is capitalization. Capitalization is based only on profit.
Definition of business: Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit to increase the wealth of owners. So basically it is for earning profit for owners.
In current time, businesses are running in a corporate structure so money is going to many people. It includes staff and shareholders.
Each and every well build organization is giving their profit to charity.
The Core capitalization is now no more there because organizations now managed by groups of people.
Business providing jobs and taxes to society for whatever cost society gives to business.
In economics, a business (also called firm or enterprise) is a legally recognized organizational entity designed to provide goods and/or services to consumers or corporate entities such as governments, charities or other businesses.
Human life is improving day by day due to business because the kind of innovations happening is not possible without business. The kind of R&D facilities, businesses putting for new innovations are making life better and safer.
Business is definitely a profit making enterprise but the benefits society getting out of it is also considerable.
Due to business human life is improving day by day.
Contributed by: Studyfreak
Points added by members
Added by: milgo kiptoo korir
Point: this is true,but for any enterprise to sustain itself ,it must conform to the social needs stipulated by the society and act in a manner that is ethical.
Date: 2015-01-29 23:48:45
Added by: Bindi Ramanuj
Point: No doubt business org. does donation or shares their profit but its done again for the same reason and its there PROFIT.
Date: 2015-01-09 15:00:17
Added by: sahey
Point: yeah... the profit is definitely the only business of business.... the entrepreneurs can make charity and all other social help only if they get profit... so their basic and only motive to get from business is to get profit....
Date: 2014-06-18 10:52:11
Added by: Raman kaushik
Point: Charity on the name of business in most of the cases is just a way to get taxation benifits. Therefore actual motive is just making as much money as possible.
Date: 2014-03-21 03:14:37
Added by: Rahul Mahajana
Point: human life is improving day by day due to business because business providing whole family job but services is not provide .
Date: 2013-12-19 22:21:24
Added by: Kannan
Point: Ambani group apart from their business they are donating 15% of profit for educating poor children if they Attain some reasonable progress in business...this brings out some reputation to the organization so business of business is not only the business.
Date: 2013-10-06 00:13:47
Added by: Shantanu Baj
Point: Practically this is true. But the decisions regarding the profit making and utilizing on next steps should be transparent, ethical and beneficial for society.
Date: 2013-01-05 08:27:17
Added by: swati ahirkar
Point: business is also called as enterprise and in this he is a dicision maker and risk taker. business aim is not only p/t making but also give service to the customer. his knowledge about the commercial field and accounting .
Date: 2012-12-30 04:45:16
Added by: om prakash sethi
Point: definately it is true that profit is the only business of business but society also get benifit in the form of salaries
Date: 2012-09-15 11:22:21
Added by: Kavinkumar.A
Point: A role of good business is "working for human betterment and social justice".