According to the Narrow View of Economic Model of Corporate

question 67

Essay

According to the narrow view of economic model of corporate social responsibility (CSR),only philanthropy done for reputational reasons and financial ends is ethically responsible.What is the justification for this statement?

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Definitions:

Capital Market

The capital market is a financial market where long-term debt or equity-backed securities are bought and sold, providing businesses and governments with a platform to raise funds for long-term investments.

Marginal Productivity

The additional output that is produced by utilizing one more unit of a variable input, holding all other inputs constant.

Marginal Product

The additional output produced by employing one more unit of a particular input, holding other inputs constant.

Rental Price

The cost associated with leasing or renting an asset, property, or service.