Describe how our current views on the social responsibility of business have evolved.
In a socially responsible business, management realizes that its activities have an impact on society and considers that impact in the decision-making process.
Before the 1930s, workers, consumers, and government had very little influence on business activities; as a result, business leaders gave little thought to social responsibility.
All this changed with the Great Depression.
Government regulations, employee demands, and consumer awareness combined to create a demand that businesses act in socially responsible ways.
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