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Social Development Through Benevolent Business by Kalyan Sankar Mandal

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CHAPTER 7

Social Welfare Business

Home-Based Care Service for the Aged*

Business earns a profit while providing goods and services for the members of the society. It contributes to the growth of economy and provides employment and earning to the members of the society. However, profit maximization being the primary goal, business is not normally expected to focus on “social welfare.” Of course, this does not mean that business is completely devoid of playing any welfare role. As mentioned earlier, there are claims of welfare role of business from the capitalist school (Smith 1937, 508; org.1776). On the other end, there exists the school professing Corporate Social Responsibility – that businesses “should” contribute to the society. And in-between, ...

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