Question

Explain the concept of social responsibility. What are the factors
responsible for realisation of social responsibility ? Answer In 15-20lines
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Answer 1

Answer:

Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. ... The crux of this theory is to enact policies that promote an ethical balance between the dual mandates of striving for profitability and benefiting society as a whole.The four components of social responsibility are ethical, legal, economic and philanthropic.