The government can then use these renumerations for training institutions, as well as for necessary health and social welfare.īesides, enterprises themselves can build educational development funds such as awarding scholarships to graduate students fund scientific research programs set up annual scientific research awards or fund the development of facilities such as laboratories, libraries, and sports centers. This may amount to about 0.2% to 0.5% of profit of each enterprise, depending on the conditions and circumstances within each country. These damages must be covered through periodic renumerations to the government according to the law. To sum up, all such production enterprises must pay for creating all these social damages. Although the damage is not immediately visible, there exists long-term stress, distorted attitudes, and wrong perceptions. The production industries rake in huge profits but also cause great harm such as when they produce more tobacco, alcohol, and carbonated soft drinks. For instance, when society is harmed by pollution, emitting of smoke, noise, toxins, and other such waste. Third, production enterprises must cover all costs for causing tangible and intangible harm to society through their ventures. Therefore, contributions to society are considered by enterprises as a process for income equity. Although enterprises pay all the taxes for exploiting the required resources, they also enjoy the rights that others do not have and in turn hold a huge surplus supply. Second, the products that the concerned enterprises usually make are from natural resources available within or outside their country, with the enterprises holding a monopoly and right to exploit these resources to create their products. Since training human resource requires a constant cash flow, enterprises plan their funds and revenue to cover this need. Therefore, enterprises must retain a part of their revenue for training and preparing this large volume of human resource. This human resource must have completed graduation from good universities, colleges, and vocational schools. First, they are under obligation to society at large to train essential human resources for enterprises who employ a large number of engineers and other skilled workers. In all their charitable works, large business houses are consciously aware of three main factors. In most highly developed countries, contributions and donations made towards causes like education and health are not considered philanthropic acts but are imbedded in the culture as mandatory and ethical obligations for the betterment of society at large.
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