The role of a business to produce goods or services that people need and to make an acceptable profit in the process is known as

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Economic responsibility is the role of a business to produce goods or services that people need and to make an acceptable profit in the process. This is the foundation of any business enterprise and is crucial for its sustainability and growth. Social performance reports, strategic CSR, and Global Reporting Initiative (GRI) are related to corporate social responsibility (CSR) and sustainability reporting, which go beyond economic responsibility to include social and environmental responsibilities as well.

The Role of a Business to Produce Goods or Services