Business as a bridge between social and economic development Assignment

Business as a bridge between social and economic development - Assignment Example A solution to this problem has risen in the form of business , and the practices involved with it that have strived not only to improve the financial gains of the individual behind it, but has also been given a social responsibility in the region it is located at as well (John and Dan 60). Business can be used as a bridge so to speak to close the gap formed by the differences in these two aspects. The social responsibility that is involved with business ensures that it is able to do this effectively and include a number of activities that technically do not hold any financial gain for the company/organization but better the lives of those living in the area in which it is located (Luis and David 23). Some of these responsibilities include the provision of employment to individuals who residing in the area. When a company sets up in a given region, it is expected to offer the work available to those living within that area instead of outsourcing thus providing financial stability for the members of that society. The improved financial conditions also lead to better standards of living as well which happens to be a social goal (Richard 51). Another method business uses to bridge the gap between social and economic goals are the environmental responsibilities that it takes on. Business do this through a number of ways such as ensuring that they do not pollute the area they are working from or their surrounding areas such as rivers and lakes. This is usually an aspect when a business handles the production of its own goods, and there are factories involved. Businesses can also make generous contributions to movements that are involved in the conservation of the environment if they are not directly involved in the activities. The donations made by the business can go a long way in improving the state of the environment in that area leaving it for the