Question

how should society regulate corporation

Answer 1

SOLUTION:-

Society is a unit that includes clusters of populations or clusters of clusters of population. Actually society depends on natural resources and natural resources are limited. Population are human beings or other living and non living naturally occurring things have equal right on natural resources But when it comes to corporations they utilize (exhaust) more natural resources than other constituents(mainly human beings) hence they (corporations) should do something in compensation to that. No one is going to decrease his or her profit without rules hence society should implement some rules by the machinery present on the corporation to do so.

For exp:- Corporate social responsibility scheme in india.

In corporate social responsibility scheme corporates have to invest some amount of turnover or profit for well being of society.