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Profit is only business of business.

Favor



  • 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.


Against



  • 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.


Conclusion



  • 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

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