What Do You Understand by Social Responsibility of Business? How Is It Different from Legal Responsibility?

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

Social responsibility of business means that a business should not only focus on making profits but also work for the welfare of society. It is different from legal responsibility because legal responsibility means obeying laws, while social responsibility goes beyond laws to do good for people and the environment.

Every business has two main roles: to make money and to contribute to society. Legal responsibilities are rules and regulations set by the government. A business must follow them, otherwise it may face punishment. Social responsibility, on the other hand, is voluntary and moral. It means taking care of employees, consumers, environment, and community.

Differences Between Social and Legal Responsibility

Aspect	Social Responsibility	Legal Responsibility
Nature	Voluntary and moral duty	Mandatory by law
Focus	Welfare of society and environment	Compliance with rules
Example	Planting trees, supporting education	Paying taxes, following labor laws

Examples