Author(s)

Jin Senbo ¹

Affiliation(s)

¹ Guangzhou Tianxing Experimental School, Guangzhou, China

Corresponding Author

Jin Senbo

ABSTRACT

This research explores the benefits that successful businessmen bring to others in the process of wealth creation and consumption. By analyzing entrepreneurial, innovative, and business activities, we evaluate how these activities benefit society by creating jobs, increasing tax revenues, driving economic growth, and providing more products and services. At the same time, we study how the consumption behaviors of business leaders, especially their charitable donations, reflect corporate social responsibility, and how these behaviors promote social values and high-quality social development. In addition, the article discusses the possible negative effects of business success, such as widening income inequality and the gap between the rich and the poor. Through comprehensive analysis, we conclude that the overall impact of successful businessmen's business and consumption behaviors on society depends on their business practices, social responsibility, and concern for others. This study provides a new perspective for understanding the complex relationship between business success and social responsibility, and emphasizes the importance of maintaining moral and ethical standards while pursuing economic benefits.

KEYWORDS

Entrepreneurship, Economic Impact, Social Responsibility, Income Inequality, Social Welfare

CITE THIS PAPER

Jin Senbo, Successful Business Practices: The Dual Impact of Wealth Creation and Social Responsibility. Population, Resources & Environmental Economics (2024) Vol. 5: 174-182. DOI: http://dx.doi.org/10.23977/pree.2024.050220.

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