Does Business have Social Obligations? Essay -- Business Management St

Does Business have Social Obligations? In today's society people are being laid off or losing jobs everyday. Many times it is because a company is going out of business, or may not need as many employees. The company often times cannot afford to pay extra workers. During these circumstances, a question of responsibility and obligations begin to rise. Should businesses in today's free market economy have an obligation to be socially responsible for these actions which the businesses or company carries out? Businesses operating in a free market economy have limited obligation to be socially responsible. People who lose their jobs because a company is going out of business do not have a choice in the matter. They have not done anything wrong , but happen to be in the wrong place...