Recommend ways in which businesses can deal with the following socio-economic issues:

1. Unemployment
2. Poverty

Suggest ways in which businesses can contribute time and effort.

Question

29-07-2024
Business

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Recommend ways in which businesses can deal with the following socio-economic issues:

1. Unemployment
2. Poverty

Suggest ways in which businesses can contribute time and effort.

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-07-29T14:51:37-04:00

Final answer:

Businesses can tackle unemployment and poverty by offering training programs, fair wages, and community support while engaging in social responsibility activities.

Explanation:

Unemployment: Businesses can contribute by providing training programs, internships, and mentorship opportunities to improve employability. They can also support job creation through partnerships with local governments or NGOs.

Poverty: Businesses can address poverty by implementing fair wages, practicing ethical sourcing, and supporting community development projects. Additionally, they can donate a percentage of profits to charities or establish their own foundations.

Contribution of time and effort: Businesses can engage in corporate social responsibility activities such as organizing volunteer events, sponsoring educational programs, or participating in community initiatives.

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