I feel business is a set up that has systems in place to facilitate change, manage the market risk, drive forward a culture of innovation and foster creativity. It has the ability and an obligation to serve the society and get monetary remuneration for the same.
However, over the period of time, the priority for businesses across the world have changed. They have started to become more profit-centered. They have ignored their moral role of transforming the society by developing necessity goods, and have moved towards mass production to sell more.
Thus, this change in approach by businesses has led to loss of faith among the people, thereby, giving businesses a bad name.
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