Question

Why businesses could be good at solving social problems

Answer 1

Ans:- Business and entrepreneurship (capitalism) are the main causes of societies major problems. Business generate problems like economic dissimilarities , environmental pollution etc. But business is also a good method of solving many social problems also. Because business produce many products (goods), capital(resources), and profits. These capital and profits are help to solve many social problems. Business transfer the profits to solve many social problems. But many organizations or companies don't know how to solve the social problems,but they make profit when they solving social problems.