The socioeconomic view of social responsibility is that a for-profit organization's responsibility is ________.

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03-08-2022
Business

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The socioeconomic view of social responsibility is that a for-profit organization's responsibility is ________.

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AnkitMidn AnkitMidn · Answer 1 · 2022-08-14T03:13:41-04:00

The socioeconomic view of social responsibility is that a for-profit organization's responsibility is to maximize both profits and the general welfare

The social science of socioeconomics, commonly referred to as social economics, examines how social processes influence and are changed by economic activity. In general, it examines how the local, regional, or global economy affects how modern societies advance, remain stationary, or regress.

The use of economics to research society is referred to as "social economics" or socioeconomics in a wide sense. More specifically, modern practice takes into account the development of social norms as well as behavioral interactions of people and groups through social capital and social "markets" (not excluding, for example, sorting by marriage). In terms of how economics and social values interact.

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