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Question
Mention the social advantages of a company.
Short Answer
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Solution
Social advantages of a company are:
- Employment Generation: Companies provide large-scale career opportunities for people in a variety of industries.
- Development of Infrastructure: They contribute to the development of transportation, power, communication, and other infrastructure.
- Contribution to National Income: Companies pay taxes and dividends and contribute to the GDP.
- Social Welfare Activities: Many companies engage in CSR activities such as education, healthcare, and environmental protection.
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