Business Studies

Write short note on the following:
Social responsibilities of business organisation towards government.


SOLUTION
The social responsibilities of a business organization towards government can be explained with the help of the following points:-
1. Observation of Rules and Regulation: The organization are required to follow the rules and regulations laid by the government in proper manner.
2. Payment of Taxes: The business organizations must pay taxes and duties regularly to the government such as sales tax, income tax, octroi duty, custom duty, VAT, etc. Non payment of taxes is an offense, because it would be difficult for the government to undertake development programs.
3. Assistance in Implementing Socio-Economic Policies: The government expects co-operation and help from the business sector to help in implementing programs and policies relating to social and economic development.
4. Earning Foreign Exchange: The government also expects from business organization that it will earn foreign currency by exporting goods in the foreign market. 
5. Political Stability: The commercial organizations should work towards the political stability of the country. The stable government often brings more return and peace in a democratic country.
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