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Why is government alert about the relationship between business and social welfare?

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  • Any business activity is practically meant for the development of the entire society. Business activities are designed with the objective of attaining speedy economic development and increasing the welfare activities.
  • There is a direct relationship between development of business and welfare of society. The government sees to it that businesses grow ethically. It frames various policies and regulations to nullify the long term negative impacts if any from the business to society.
  • Hence, the government is alert that although business development should be fast, it should not have adverse impact on the society.

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