How business and society is interdependent on each other

  • What is the connection of business to society?

    Businesses help to drive economic growth and development by providing jobs, creating wealth, and paying taxes to fund public services.
    They foster innovation, resulting in the creation of new products, services, and technology that improve people's overall quality of life.Aug 8, 2023.

  • What is the relationship between business owners and social responsibility?

    Social responsibility means that besides maximizing shareholder value, businesses should operate in a way that benefits society.
    Socially responsible companies should adopt policies that promote the well-being of society and the environment while lessening negative impacts on them..

For example, businesses recruit workers, buy supplies, and borrow money; they also sell products, and pay taxes. Business and society are highly interdependent. Business activities impact upon other activities in society, and actions by various social actors continuously affect business.

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What is the relationship between business and society
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