Corporate Social Responsibility (CSR) Question:

What is corporate responsibility?

Answer:

The core element of corporate responsibility concerns business activity itself -- the function of business in society is to yield adequate returns to owners of capital by identifying and developing promising investment opportunities and, in the process, to provide jobs and to produce goods and services that consumers want to buy. Economic history attests to the power of business sectors operating in effective environments of private and public governance to raise general welfare and living standards.

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