The desire of corporations to maximize profits contends with general welfare of the nation.
Every corporation that exists in the world today, survives and evolves on profit. The margin is what allows them to stay afloat, innovate and invest in new products and researches. Hence the tendency of corporations to aim at optimizing their profits is natural and salubrious to the sustainment of business. What determines the impact of this behavior is the means used to achieve maximum profits. The desire to maximize profits can only contend with general welfare of the nation if the means used are harmful to the society or environment, which is not always the case. Hence I do not fully concur with the statement.
The business world of the 21st century thrives on competition. This competition is seeded by the incentive to maximize margins and drives companies to innovation and optimization. Many new pieces of research are funded by companies, huge incentives are offered to individuals who can find solutions to the problems hindering their profit-making. Though these investments may sometimes be targeted to specific problems, there have been cases when such researches have resulted in major breakthroughs in some fields. Many researches and innovations today can be attributed to the investments from profit-driven industries.
Whether it is the automobile industry or the pharmaceutical industry, each one has reaped the benefits of being profit-driven and has in turn made life better for people. As long as all this is done ethically and within the purview of law, it leads to the advancement of society and promotes the welfare of the people.
Although almost every industry has benefited from the profit-driven approach, the pharma industry has been at the pinnacle of these. It has boomed into a huge industry through a cycle of profits which drives their researches and the results of their researches which in turn drive their profits. Some of the big pharma companies now have their own labs for research and hire scientists to solve their problems and innovate. Had there been no profit-driven industry, companies would have no incentive to fund researches and would be at the mercy of the scientific community to come up with innovative products and solutions which may not always be directed towards their industry. This would not only hamper the growth of the companies, but it would also hinder new advances in science and technology. The profit-driven industry creates a culture of directed innovation and hence benefits from it.
It is true that not all companies may be willing to play by the rules. There are companies that operate on rampant exploitation of resources to drive in profits. They violate the environmental laws, disregard corporate social responsibility and leave a huge carbon footprint. A lot of the environmental problems that exist today can be attributed to these companies, which ran unhindered and unchecked for so long. But it is not their profit-driven nature that is at fault here, but the lack of incentive to operate in the right direction. With proper enforcement of environmental laws and penalties for violation, these practices can be mitigated.
There should be a proper mechanism to conduct regular checks and audits to monitor misconduct on the part of corporations. Companies that are found to be flouting norms should be heavily penalized. New policies must be implemented that incentivize companies to invest in the right direction. Social responsibility should not just be a duty but a mandatory law so that the welfare of the people is no longer just an option while driving in profits but a mandatory requirement.
Hence, the urge to maximize profits does not have to come at the cost of the general welfare. With the right laws and regulations, they can go hand in hand.
- Must art be widely understood to have merit? 58
- Educators should base their assessment of students' learning not on students' grasp of facts but on the ability to explain the ideas, trends, and concepts that those facts illustrate. 66
- Woven baskets characterized by a particular distinctive pattern have previously been found only in the immediate vicinity of the prehistoric village of Palea and therefore were believed to have been made only by the Palean people. Recently, however, archa 59
- The desire of corporations to maximize profits contends with general welfare of the nation. 66
Grammar and spelling errors:
Line 1, column 182, Rule ID: SENT_START_CONJUNCTIVE_LINKING_ADVERB_COMMA
Message: Did you forget a comma after a conjunctive/linking adverb?
... invest in new products and researches. Hence the tendency of corporations to aim at ...
Line 1, column 574, Rule ID: SENT_START_CONJUNCTIVE_LINKING_ADVERB_COMMA
Message: Did you forget a comma after a conjunctive/linking adverb?
...ironment, which is not always the case. Hence I do not fully concur with the statemen...
Line 11, column 297, Rule ID: SOME_OF_THE
Message: Simply use 'some'.
...ches which in turn drive their profits. Some of the big pharma companies now have their own...
Line 15, column 1, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
...vation and hence benefits from it. It is true that not all companies may be...
Transition Words or Phrases used:
also, but, hence, if, may, so, while, it is true
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 32.0 19.5258426966 164% => OK
Auxiliary verbs: 17.0 12.4196629213 137% => OK
Conjunction : 29.0 14.8657303371 195% => OK
Relative clauses : 15.0 11.3162921348 133% => OK
Pronoun: 36.0 33.0505617978 109% => OK
Preposition: 86.0 58.6224719101 147% => OK
Nominalization: 17.0 12.9106741573 132% => OK
Performance on vocabulary words:
No of characters: 3158.0 2235.4752809 141% => OK
No of words: 612.0 442.535393258 138% => Less content wanted.
Chars per words: 5.16013071895 5.05705443957 102% => OK
Fourth root words length: 4.97379470361 4.55969084622 109% => OK
Word Length SD: 2.99030143748 2.79657885939 107% => OK
Unique words: 281.0 215.323595506 131% => OK
Unique words percentage: 0.459150326797 0.4932671777 93% => More unique words wanted or less content wanted.
syllable_count: 990.0 704.065955056 141% => OK
avg_syllables_per_word: 1.6 1.59117977528 101% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 8.0 6.24550561798 128% => OK
Article: 7.0 4.99550561798 140% => OK
Subordination: 3.0 3.10617977528 97% => OK
Conjunction: 3.0 1.77640449438 169% => OK
Preposition: 2.0 4.38483146067 46% => More preposition wanted as sentence beginning.
Performance on sentences:
How many sentences: 31.0 20.2370786517 153% => OK
Sentence length: 19.0 23.0359550562 82% => The Avg. Sentence Length is relatively short.
Sentence length SD: 43.2409217674 60.3974514979 72% => OK
Chars per sentence: 101.870967742 118.986275619 86% => OK
Words per sentence: 19.7419354839 23.4991977007 84% => OK
Discourse Markers: 1.54838709677 5.21951772744 30% => More transition words/phrases wanted.
Paragraphs: 7.0 4.97078651685 141% => Less paragraphs wanted.
Language errors: 4.0 7.80617977528 51% => OK
Sentences with positive sentiment : 19.0 10.2758426966 185% => OK
Sentences with negative sentiment : 5.0 5.13820224719 97% => OK
Sentences with neutral sentiment: 7.0 4.83258426966 145% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.214026646787 0.243740707755 88% => OK
Sentence topic coherence: 0.0540615834693 0.0831039109588 65% => OK
Sentence topic coherence SD: 0.0887587436066 0.0758088955206 117% => OK
Paragraph topic coherence: 0.116184574192 0.150359130593 77% => OK
Paragraph topic coherence SD: 0.109011574031 0.0667264976115 163% => OK
automated_readability_index: 12.7 14.1392134831 90% => Automated_readability_index is low.
flesch_reading_ease: 52.19 48.8420337079 107% => OK
smog_index: 8.8 7.92365168539 111% => OK
flesch_kincaid_grade: 10.7 12.1743820225 88% => OK
coleman_liau_index: 12.65 12.1639044944 104% => OK
dale_chall_readability_score: 8.47 8.38706741573 101% => OK
difficult_words: 151.0 100.480337079 150% => OK
linsear_write_formula: 8.0 11.8971910112 67% => OK
gunning_fog: 9.6 11.2143820225 86% => OK
text_standard: 13.0 11.7820224719 110% => OK
What are above readability scores?
Maximum six paragraphs wanted.
Rates: 66.67 out of 100
Scores by essay e-grader: 4.0 Out of 6
Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.