"The desire of corporations to maximize profits creates conflict with the general welfare of the nation at large.”
Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with reasons and/or examples from your own experience, observations or reading.
Maximizing profits at the expense of social and economic welfare has remained a debatable issue for a long time. Although corporations' primary goal is to generate profits in order to survive in a competitive market, nonetheless it is equally important to realize the negative externalities created by their activities. In my opinion, failure to do so, results in suffrage of social, environmental and economic welfare.
Corporations can go to any lengths to achieve their means. They engage in unethical practices at the expense of consumer welfare, in order to generate as much profits as possible. For instance, industrial units dispose of their hazardous waste into fresh water sources in order to save disposal costs, without regard to the health hazards it creates or the destruction of natural resources it renders.
Furthermore, corporations fail to realize their duty as a member of a nation by opting for cost-cutting measures, even if it creates a dilemma for the society as a whole or it seems inhumane. For instance, many developing nations are still battling with child labor. Corporations find it easy to manipulate these underage workers and pay them less than required by the adult worker. Poor working conditions and unfair wage structures are a result of corporations' to maximize profits at all costs.
However, it is important to note that earning profits or striving to maximize profits is not inherently detrimental to nations. It becomes so only when corporations ignore legal and ethical concerns involved in the process of doing business. If a corporation indulges in proper business ethics, stays within the legal framework and plays a responsible role in the society, then there is no harm in pursuing a profit-maximizing goal.
Conclusively, corporations' goal of maximizing profits occasionally conflicts with economic welfare because corporations fail to recognize and realize their duty as a member of the society. They engage in illegal, unethical and inhumane practices at the expense of social welfare. Shareholder wealth maximization is not a detrimental goal in its true sense, however the means to pursue it make it so. If corporations remain within their legal and ethical boundaries, there is no harm in trying to improve their bottom line figures.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2019-04-09 | Zainab Amir | 66 | view |
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Grammar and spelling errors:
Line 3, column 155, Rule ID: MUCH_COUNTABLE[1]
Message: Use 'many' with countable nouns.
Suggestion: many
...nsumer welfare, in order to generate as much profits as possible. For instance, indu...
^^^^
Line 9, column 389, Rule ID: IT_VBZ[1]
Message: Did you mean 'makes'?
Suggestion: makes
...e sense, however the means to pursue it make it so. If corporations remain within th...
^^^^
Transition Words or Phrases used:
furthermore, however, if, nonetheless, so, still, then, for instance, in my opinion
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 9.0 19.5258426966 46% => More to be verbs wanted.
Auxiliary verbs: 1.0 12.4196629213 8% => OK
Conjunction : 12.0 14.8657303371 81% => OK
Relative clauses : 2.0 11.3162921348 18% => More relative clauses wanted.
Pronoun: 24.0 33.0505617978 73% => OK
Preposition: 56.0 58.6224719101 96% => OK
Nominalization: 5.0 12.9106741573 39% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1937.0 2235.4752809 87% => OK
No of words: 363.0 442.535393258 82% => More content wanted.
Chars per words: 5.33608815427 5.05705443957 106% => OK
Fourth root words length: 4.3649236973 4.55969084622 96% => OK
Word Length SD: 3.0901085669 2.79657885939 110% => OK
Unique words: 202.0 215.323595506 94% => More unique words wanted.
Unique words percentage: 0.556473829201 0.4932671777 113% => OK
syllable_count: 635.4 704.065955056 90% => OK
avg_syllables_per_word: 1.8 1.59117977528 113% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 6.24550561798 64% => OK
Article: 0.0 4.99550561798 0% => OK
Subordination: 4.0 3.10617977528 129% => OK
Conjunction: 0.0 1.77640449438 0% => OK
Preposition: 3.0 4.38483146067 68% => OK
Performance on sentences:
How many sentences: 17.0 20.2370786517 84% => Need more sentences. Double check the format of sentences, make sure there is a space between two sentences, or have enough periods. And also check the lengths of sentences, maybe they are too long.
Sentence length: 21.0 23.0359550562 91% => OK
Sentence length SD: 46.4321508944 60.3974514979 77% => OK
Chars per sentence: 113.941176471 118.986275619 96% => OK
Words per sentence: 21.3529411765 23.4991977007 91% => OK
Discourse Markers: 4.88235294118 5.21951772744 94% => OK
Paragraphs: 5.0 4.97078651685 101% => OK
Language errors: 2.0 7.80617977528 26% => OK
Sentences with positive sentiment : 9.0 10.2758426966 88% => OK
Sentences with negative sentiment : 7.0 5.13820224719 136% => OK
Sentences with neutral sentiment: 1.0 4.83258426966 21% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.180429570699 0.243740707755 74% => OK
Sentence topic coherence: 0.0591161576057 0.0831039109588 71% => OK
Sentence topic coherence SD: 0.0472622895108 0.0758088955206 62% => OK
Paragraph topic coherence: 0.10177052667 0.150359130593 68% => OK
Paragraph topic coherence SD: 0.03388968557 0.0667264976115 51% => OK
Essay readability:
automated_readability_index: 14.4 14.1392134831 102% => OK
flesch_reading_ease: 33.24 48.8420337079 68% => OK
smog_index: 11.2 7.92365168539 141% => OK
flesch_kincaid_grade: 13.8 12.1743820225 113% => OK
coleman_liau_index: 13.69 12.1639044944 113% => OK
dale_chall_readability_score: 9.46 8.38706741573 113% => OK
difficult_words: 110.0 100.480337079 109% => OK
linsear_write_formula: 10.5 11.8971910112 88% => OK
gunning_fog: 10.4 11.2143820225 93% => OK
text_standard: 14.0 11.7820224719 119% => OK
What are above readability scores?
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Rates: 66.67 out of 100
Scores by essay e-grader: 4.0 Out of 6
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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.