What role should government play in social responsibility? Should government create more regulations to encourage businesses to uphold their responsibility to stakeholders? Or, should government take a laissez-faire approach and allow businesses to be only as socially responsible as they choose?
What role should government play in social responsibility? Should government create more regulations to encourage businesses to uphold their responsibility to stakeholders? Or, should government take a laissez-faire approach and allow businesses to be only as socially responsible as they choose?
Social Responsibility:-
A person has a moral obligation to work and collaborate with other people and organisations for the good of the community that will inherit the world they leave behind. This is known as social responsibility.
Every person has a responsibility to uphold the balance between the economy and the ecosystem in which they live. Perhaps there is a trade-off between the material progress of the economy and the welfare of society and the environment. Social responsibility applies to everyone whose actions have an impact on the environment, not just businesses.
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