What is the concept of civic responsibility?

Explain the Concept of Social Responsibility of Businessmen?

• Answer:

  In this modern and materialistic world everything is governed by the acquisition culture. Usually, the only thing that is measured by greatness is the wealth of the person especially businessmen. Undoubtedly, many businessmen are blinded by the riches in quest of wealth. They think that profit-earning is all that their life takes in such a way that they forget about the social responsibility of businessmen. Many of businessmen engage in activities that are disreputable such as black marketing, hoarding, smuggling and many others. These activities guarantee to make more money quickly but they compromise their social responsibility of protecting the economy. Black marketing would lead to inflation that deprives the government to use monetary sources for social welfare. Many businessmen engage in smuggling that exhausted the country's resources and eventually hold back the economic growth.