Corporations benefit society through increasing the variety of products and services. The consumers also benefit from price reduction due to competition between corporations. To retain a significant number of consumers of a company's products, a business has to reduce its costs of goods and in turn, reduce the prices of goods and services. There is also the issue of product quality also being high when competing corporation try to ensure that their products are better than the competition. It becomes an advantage to the consumers in society who also benefit from the services delivered to them by the corporations through corporate social responsibility. Governments also benefit from corporations in that they receive significant tax amounts to help develop the social infrastructures that in the end benefits the citizens of a country.
Conclusion
In conclusion, corporations offer a wide variety of advantages for the society. They enhance the development of countries and grow the society in an economic aspect. Distribution of wealth is also a key issue of why corporations have remained integral to the society. Corporations also offer jobs and wages to society members who rely on organizations to provide them with resources to secure their basic needs. Corporations have been a large part of society, and it has offered numerous benefits to the people and the governments.
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References
Aoki, M. (2010). Introduction: What Do Corporations Do? Corporations in Evolving Diversity, 1-15. doi:10.1093/acprof:oso/9780199218530.003.0001
Benioff, M. R., & Adler, C. (2007). The business of changing the world: twenty great leaders on strategic corporate philanthropy . New York: McGraw-Hill.
Osborne, E. (2007). The rise of the anti-corporate movement: Corporations and the people who hate them . Westport: Praeger.
