### Debate on the Role of Businesspeople and Nonprofits in Society**Question 3:**Many people argue that businesspeople do not contribute enough to society. Some students opt for careers in the public sector instead of business because they want to help others. However, businesspeople assert that they do more for others than nonprofit groups by providing jobs rather than just giving charity. Moreover, they believe that businesses generate all the wealth that nonprofits redistribute.**a. Finding Middle Ground**How can a middle ground be established to demonstrate that both businesspeople and nonprofit workers contribute to society and need to collaborate more to assist people?**b. Concepts of Adam Smith**How can Adam Smith’s concepts be used to support your position?

Profit and Non-Profit Organizations - Profit-driven companies collect natural resources from the…

3. Many people say that businesspeople do not do enough for society. Some students choose to go into the public sector instead of business because they want to help others. However, businesspeople say that they do more to help others than nonprofit groups do because they provide jobs for people rather than giving them charity. Furthermore, they believe businesses create all the wealth that nonprofit groups distribute. a. How can you find some middle ground in this debate to show that both business- people and those who work for nonprofit organizations contribute to society and need to work together more closely to help people? b. How could you use the concepts of Adam Smith to help illustrate your position?

3. Many people say that businesspeople do not do enough for society. Some students choose to go into the public sector instead of business because they want to help others. However, businesspeople say that they do more to help others than nonprofit groups do because they provide jobs for people rather than giving them charity. Furthermore, they believe businesses create all the wealth that nonprofit groups distribute. a. How can you find some middle ground in this debate to show that both business- people and those who work for nonprofit organizations contribute to society and need to work together more closely to help people? b. How could you use the concepts of Adam Smith to help illustrate your position?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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