What Is a Social Audit? Explain

question 39

Essay

What is a social audit? Explain.

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Definitions:

Source of Profit

The origin from which a business or economic activity generates earnings, often through the production of goods, provision of services, or investment activities.

Innovation

An idea that eventually takes the form of new, applied technology or a new production process.

Monopoly Power

The ability of a monopoly to dictate the terms of the market, including price and supply of a good or service, due to the lack of competition.

Biblical Prophets

Religious figures in the Bible who were said to have been called by God to deliver messages and guidance to people.