"The goal of business should not be to make as big a profit as possible. [b]Instead, business should also concern itself with the well-being of the [b]public." [b]Discuss the extent to which you agree or disagree with the opinion [b]expressed above. Support your point of view with reasons and/or examples [b]from your own experience, observations, or reading. [b][b]I agree that business has some obligation to the community and society in [b]which it operates. But should this obligation take precedence over the [b]profit objective? My answer is no. [b]The primary reason why I agree business should have a duty to the public is [b]that society would be worse off by exonerating business from social [b]responsibility. Left entirely to their own self-interest, businesses [b]pollute the environment, withhold important product information from [b]consumers, pay employees substandard wages, and misrepresent their [b]financial condition to current and potential shareholders. Admittedly, in [b]its pursuit of profit business can benefit the society as well-by way of [b]more and better-paying jobs, economic growth, and better yet lower-priced [b]products. However, this point ignores the harsh consequences-such as those [b]listed earlier-of imposing no affirmative social duty on business, [b]Another reason why I agree business should have a duty to serve the public [b]is that business owes such a duty. A business enters into an implied [b]contract with the community in which it operates, under which the community [b]agrees to permit a corporation to do business while the business implicitly [b]promises to benefit, and not harm, the community. This understanding gives [b]rise to a number of social obligations on the part of the business-to [b]promote consumer safety, to not harm the environmental, to treat employees [b]and competitors fairly, and so on. [b]Although 1 agree that business should have a duty to serve the pubic, i [b]disagree that this should be the primarily objective of business. Imposing [b]affirmative social duties on business opens a Pandora's box of problems-for [b]example, how to determine, (1) what the public interest is in the first [b]place, (2) which public interests are most important, (3) what actions are [b]in the public interest, and (4) how business duty to the public might be [b]monitored and enforced. Government regulation is the only practical way to [b]deal with these issues, yet government is notoriously inefficient and [b]corrupt: the only way to limit these problems is to limit the duty of [b]business to serve the public interest. [b]In sum, I agree that the duty of business should extend beyond the simple [b]profit motive. However, its affirmative obligations to society should be [b]tempered against the pubic benefits of the profit motive and against the [b]practical problems associated with shouldering business with an affirmative [b]duty to ensure the public's well-being. [b]