Full Answer
How do successful businesses contribute to society?
A successful business yields a return that makes it worthwhile for the investor to risk his money (capital). Successful businesses also generate wealth in the form of material goods and services and employment. Business has no business to “contribute to society” beyond what business is supposed to do. People can contribute to society.
How is increased wealth distributed through the Society?
If the increased wealth is shared with the workers who actually created the increased productivity it is distributed through the society and benefits the society. Should you leave more than $1,000 in a checking account?
What does the economy do for the Society?
The economy is just a way of measuring that wealth. Whenever someone talks about benefiting the economy they demonstrate that they have lost the plot. The economy is one of a number of things that serve the society. we live in a society not an economy. If a business increases its productivity it should benefit the society the business operates in.
Who were the wealthy in the late 19th century?
The wealthy elite of the late 19th century consisted of industrialists who amassed their fortunes as so-called robber barons and captains of industry. Both can be defined as business tycoons, but there was a significant difference in the way they made their fortunes.
Answer
Answer: The correct answer is : Rich business leaders built libraries and universities.
New questions in History
The Chesapeake and Leopard are an example of what British Naval practice of the time?
The bigger issue
Rather than gush over Bezos for his generosity in addressing what he and many scientists consider an existential threat, I think it’s more appropriate to ask what kind of a political model his actions support and perpetuate—and how that model allows him to make such a large donation.
The role of business in a democracy
The business world has been encroaching into U.S. political institutions and public debates for years.
No accountability
This trend makes a mockery of democracy because corporate leaders are not elected or accountable to the broader public.
Some problems with Amazon
Bezos’s fairly recent focus on philanthropy could divert attention and take some pressure off of some of his company’s worst practices.
A corrosive effect
The total amount spent on corporate lobbying in 2018 reached $3.4 billion.
