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Social Development Through Benevolent Business by Kalyan Sankar Mandal

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CHAPTER 1

Introduction

Business and Social Development

How is “business” related to poverty alleviation and social development? According to one school of thought, the expansion of business activities leads to the generation of employment and income thus, contributs to the removal of poverty and promots social development. A business may pursue the goal of earning profits. However, this very process may indirectly contribute to poverty alleviation and social development. On the contrary, critics of this school of thought point out that the expansion of a business may generate income and wealth to only those who own the business or form the capitalist class, and does not help in removing poverty. According to these critics, in a capitalist society, ...

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