What method did the business employ in order to help poverty alleviation?
Answers
Business is an activity which is performed in order to receive monetary benefit or goods.The main purpose of business is to gain profit.
But apart from that a business has a social responsibility towards its nation.The business can help the nation by eradicating poverty in following ways:-
1)By creating employment opportunities for unemployed youth.
2)Investing money in start ups.
3)Introducing New financial opportunities.Providing loans for start ups.
Businesses can help in alleviating poverty by following ways:
* By buying goods and raw materials from local producers and manufacturers
* By giving easier access to their products
* By minimizing the cost of their goods
* By creating more jobs in their organisation
* By donating a percentage of their profit to the needy
* By training more people through internship
* By distributing income adequately among their employees
* By incorporating more innovative and technical methods into their business