explain Economic responsibility
Answers
Answer:
Economic responsibility means ensuring that there is an economic benefit both to the region from which the purchase came and to the region in which it is marketed. Is the process economically fair to everyone involved? Is anyone being exploited? (This is of course also a social issue as well).
Explanation:
Economic responsibility means ensuring that there is an economic benefit both to the region from which the purchase came and to the region in which it is marketed. Is the process economically fair to everyone involved? Is anyone being exploited? (This is of course also a social issue as well).Social responsibility is an ethical framework and suggests that an individual has an obligation to work and cooperate with other individuals and organizations for the benefit of society at large.[citation needed] Social responsibility is a duty every individual has to perform so as to maintain a balance between the economy and the ecosystems. A trade-off may exist between economic development, in the material sense, and the welfare of the society and environment,[1] though this has been challenged by many reports over the past decade.[when?][2][3] Social responsibility means sustaining the equilibrium between the two. It pertains not only to business organizations but also to everyone whose any action impacts the environment.[4] It is a concept that aims to ensure secure healthcare for the people living in rural areas and eliminate all barriers like distance, financial condition, etc.[5] This responsibility can be passive, by avoiding engaging in socially harmful acts, or active, by performing activities that directly advance social goals. Social responsibility must be intergenerational since the actions of one generation have consequences on those following.[6]
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