Essay: Economic Responsibility

Economic Responsibility Sample Essay

Economic responsibility requires the company to make as much money for the shareholders as possible, the legal responsibility requires the companies to follow the laid down legal framework, moral responsibility requires them to assist the people and not harm them while social responsibility ensures that these companies are held responsible for inaction or the indecision that directly or indirectly affect the people working in that firm or the society as a whole. There are three factors that affect the decision made by an individual on whether to help someone or not, this depends on the individual factors which means that this is the decision one will find most ethical while left independently to make the decision, the second factor is the social factor which is based on the interjected social reasoning while the third factor is the opportunity factor which is guided by the code of ethics (Kapoor, Pride and Hughes, 2008)

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