The most efficient use of corporate wealth to benefit the public is though contributions to charity and other worthy causes which is called ____.

Question

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Philanthropy refers to the act of generously donating money or resources to charitable causes, social causes, or other purposes intended for the public good. It is considered to be an efficient use of corporate wealth for the benefit of the public as it promotes social welfare and contributes to the betterment of society at large. Taxation, paternalism, and corporate welfare are not necessarily associated with direct benefits to the public through charitable donations.

The Most Efficient Use of Corporate Wealth to Benefit the Public