Monday, January 4, 2021

Business

In today's world many businesses realize that they must be good citizens to succeed. Doing well by doing good is the mantra. All profits are not equal, those that carry a social benefit are better. A social benefit can be achieved in a number of ways. One approach is for business to donate to worthy causes. Another is to make products that are environmentally safe. Another may set up an employee profit sharing plan. One of the most productive is to share profits by taking care of employees the same way they take care of customers. Many companies reinvest profits to grow the company and to start new business. While government can provide benefits in the form of public assistance, businesses can provide jobs. Most people prefer paying their own way over living off of public aid and for this reason government should support business.

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