Question

Explore the role of social responsibility as it relates to two or three worldly philosophers or...

Explore the role of social responsibility as it relates to two or three worldly philosophers or major figures we have covered.

Ex: Adam Smith, Director, Engeles, Marx

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Adam Smith divided the role of social responsibility in three part:-

1) people guide the market and the producers about their choices through their money and buy only those things, hence indicating the producers

2) the greatest contribution an individual can give to a society is by fulfilling his self interest. As, when everyone would do it ffor themselves, everyone would have something to do and would create jobs.

3) government should not intervene in market.

According to karl marx, social responsibility stimulates individual to work towards their goal and contribute to the society.

Add a comment
Know the answer?
Add Answer to:
Explore the role of social responsibility as it relates to two or three worldly philosophers or...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Write a short 400-500 word answer for one chosen question. Should use an essay format for...

    Write a short 400-500 word answer for one chosen question. Should use an essay format for your answers. Are expected to use references. 1. Greed is good. Discuss this in terms of how neoliberalism impacts on modern society. 2. To what extent would you agree that there can be only one leader in an organisation? Use examples to illustrate your answer. 3. Using examples, explore whether or not we need to fundamentally reassess the role and purpose of business Schools?...

  • Reading Schools of Thought on Social Responsibility The following excerpt deals with the various schools of...

    Reading Schools of Thought on Social Responsibility The following excerpt deals with the various schools of thought on social responsibility. These postures can be found across Industries and can be used as a framework for ana lysis of dilemmas. Ethical Postures, Social Responsibility, and Business Practice The ethical perspective of a business often sets the tone for its operations and employees choices. Historically, the philosophical debate over the role of business in society has evolved into four schools of thought...

  • 4. What is the optimal income distribution between two citizens under these three assumptions: -The Social...

    4. What is the optimal income distribution between two citizens under these three assumptions: -The Social Welfare Function is Utilitarian. - The total income is fixed. - The two citizens have the same individual utility function, which exhibits decreasing but positive marginal utility of income. What are the implications of this result and why we do not see policies to enforce this degree of income distribution in the real world? Justify your answer mentioning one or more of the three...

  • Here, you will examine social media policy, vision, and procedure. If one cares about their personal...

    Here, you will examine social media policy, vision, and procedure. If one cares about their personal brand, they need to be careful and pay attention to what their online presence says about them. Otherwise, they run the risk of letting other people create their image for them – both good and bad. This applies to organizations as well. Preparation and Research: Do a web search (Google/DuckDuckGo/etc.) of at least two people you know, and two celebrities or other popular figures...

  • LO 5-39 5.70 Role of a Board of Directors in Internal Control. Assume that the local...

    LO 5-39 5.70 Role of a Board of Directors in Internal Control. Assume that the local newspaper just ran the following headline and article: "Audit Results: Airport executives from Kentucky racked up $500K in lavish expenses, concert tickets, and even gentlemen's club tabs" LEXINGTON, Ky. (AP)-A small commercial airport in Kentucky—and the taxpayers who support it-picked up top executives' tabs in recent years for Hannah Montana concert tickets, Nintendo Wii video game bundles and even a $4,400 gentlemen club check,...

  • 8. Three variables are related and two of them are plotted on a two-dimensional graph. If...

    8. Three variables are related and two of them are plotted on a two-dimensional graph. If the third variable that is not measured on either the x-axis or the y-axis changes, we would expect: a. a movement along the drawn curve b. a shift of the curve c. no impact on the curve because the third variable is not measured on either of the axes d. both a movement and a shift of the curve 9. The law of increasing...

  • present a two to three paragraph post on which candidate GoTo Consulting should recommend to Melanie...

    present a two to three paragraph post on which candidate GoTo Consulting should recommend to Melanie Malone with Biotech. Consider their full body of experience and how it aligns with Melanie’s expectations for the new person as well as how they will lead within the context of the mission and vision. Use the below information , As Biotech launches a new product division to design, develop and deliver cosmetics globally, they will need to bring in someone to manage this...

  • Read the attached article provided below and write a reflection on it. (Two or three paragraphs...

    Read the attached article provided below and write a reflection on it. (Two or three paragraphs are enough to show a summary and thoughts/opinions) 'Alexa, How Can Podcasters Make Money From Voice Assistants? Podcasting company Gimlet Media is launching its first show for Amazon Alexa, part of a broader push into content for voice assistants IGNITION Alex Blumberg,co-founder and CEO of Gimlet Media, speaks onstage at IGNITION: Future of Media at Time Warmer Center Gimlst Media is launching its first...

  • Zara Organizational Structure Structure relates to a skeletal framework of activities and process...

    Zara Organizational Structure Structure relates to a skeletal framework of activities and processes in an organisation and specifies the roles of these in achieving goals and objectives of the organisation. According to (Mullins, 2009), a good structure is highly important due to the fact that decisions on structure are primary strategic decisions which can make or break an organisation. One important aspect of a good structure is the human element. Organisation structure should be designed so as to encourage employees...

  • In mid-2005 Gunawan Wiboto (Gunawan), an ethnic Chinese Indonesian entrepreneur and founder of the Ramayana Group,...

    In mid-2005 Gunawan Wiboto (Gunawan), an ethnic Chinese Indonesian entrepreneur and founder of the Ramayana Group, decided to build a steel mill incorporated as a new company: PT Hanuman Steel. His team began the search for an experienced engineering consultant for the project. The company approached several consulting firms reputed for their engineering services. The difficulty, as they quickly discovered, was finding a consultant who believed they could do it their way and be successful. The required services fell into...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT