Social Responsibility of Business | Corporate Social Responsibility | Business Ethics

For free Notes and Videos Install our App: https://bit.ly/CT_app (Exclusive features only on App) Join our Whatsapp Group: http://bit.ly/CT_whatsapp The concept of social responsibility as used in management science is that businesses should maximize their profits subject to their working in a socially responsible manner to promote the interests of society. Their business activities should not harm other groups such as consumers, workers, and the public at large. It may be noted that some Indian sociologists and economists relate the idea of social responsibility of business of the Gandhian concept of trusteeship. According to Mahatma Gandhi, capitalist class owns wealth or capital as trustees of the society. The resources and capital they use for production of goods and services, according to him, should be used not to maximize profits for them but for the larger benefit of the society. For More Subscribe now... http://bit.ly/collegeprotutor All notes and videos Visit our website: Show us your Support and Love :) Paytm: 8800302039 For notes: Check our website http://collegetutor.net or mail us on [email protected] or Comment below Check our facebook page:   / collegeprotutor   Follow us on Instagram:   / collegeprotutor   mail us for any queries: mailto://[email protected] #CSR #SocialResponsibility #Ethics #StayHome and help save lives #WithMe Buying something from Amazon? The same price for you, Little help for us. Crazy Deals on Amazon: https://amzn.to/33OopAM Our Recommendations (Affiliate Link): Video Making (Cheap and Best): Camera/Mobile Tripod Stand: https://amzn.to/3nPnQie Gorilla Tripod/Mini Tripod: https://amzn.to/3nPnQie Lavalier Microphone for Recording (Offer): https://amzn.to/3lBr8n6 Boya Omnidirectional Lavalier Microphone: https://amzn.to/3iNgxnu AmazonBasics Whiteboard, Duster, Marker Combo: https://amzn.to/2GMhbod Durable Whiteboard: https://amzn.to/3lEqwNN Best Affordable Smartphone: https://amzn.to/3nMYD8b Best OnePlus Affordable Smartphone: https://amzn.to/3nHysPS Best Offers on the smartphone: https://amzn.to/3nGCpEI