The desire of corporations to maximize profits creates conflict with the general welfare of the nation at large
Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with reasons and/or examples from your own experience, observations or reading.
The given issue is a controversial topic of whether the desire of corporations to maximize profits creates conflict with the general welfare of the nation at large. Indisputably, to run a corporation, the CEO possibly has two options in hand: either it can reduce the cost to the company or it can increase the price of its products. Both the cost reduction and the increase in rates of the commodities will help the company maximize its profit. And both these tactics for maximizing profit creates a conflict with the general welfare of the public and the nation at large.
Firstly, the cost reduction to a company can be done either by decreasing the cost of raw materials for making a product or by decreasing the salary of the workers who work at there firms. The former cannot be decreased below a certain amount because of the market conditions and so the pay for an employee is reduced for maximizing the profit. In heavily populated countries like China and India, the cost of labor is very less as if someone refuses to do a work at such a low price, there will be ten other to take his place. For example, Infosys ltd employs around 1.93 lakh employees all over the world out of which around 1.5 lakh are only in India. The salary which it gives to its fresher employees is a mere $1.5 per hour while its charges around $20 per hour for each of them from their clients. Thus the cost reduction technique for maximizing the profit reduces the income of so many people in India.
Furthermore, for profits can also be maximized by increasing the cost of a product and if the company is running in a monopoly market, there is no stopping it.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2022-07-16 | Vaishnavi Dixit | 66 | view |
| 2019-12-27 | samruddh_shah | 50 | view |
| 2018-03-13 | Adarsh | 100 | view |
| 2018-03-13 | Adarsh | 16 | view |
| 2017-12-18 | Md17 | 50 | view |
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Grammar and spelling errors:
Line 3, column 802, Rule ID: SENT_START_CONJUNCTIVE_LINKING_ADVERB_COMMA[1]
Message: Did you forget a comma after a conjunctive/linking adverb?
Suggestion: Thus,
...ur for each of them from their clients. Thus the cost reduction technique for maximi...
^^^^
Discourse Markers used:
['also', 'first', 'firstly', 'furthermore', 'if', 'so', 'thus', 'while', 'for example']
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance in Part of Speech:
Nouns: 0.254716981132 0.238963963785 107% => OK
Verbs: 0.135220125786 0.154291517835 88% => OK
Adjectives: 0.0440251572327 0.0886310499679 50% => More adjectives wanted.
Adverbs: 0.0377358490566 0.0506014161523 75% => OK
Pronouns: 0.0345911949686 0.0449626384858 77% => OK
Prepositions: 0.166666666667 0.123526278965 135% => OK
Participles: 0.0440251572327 0.0379742944744 116% => OK
Conjunctions: 2.54521848798 2.82910677849 90% => OK
Infinitives: 0.0220125786164 0.0316879551592 69% => OK
Particles: 0.0 0.0014075125626 0% => More particles wanted.
Determiners: 0.154088050314 0.0950106342287 162% => OK
Modal_auxiliary: 0.0220125786164 0.0245489744465 90% => OK
WH_determiners: 0.00943396226415 0.0157978311181 60% => OK
Vocabulary words and sentences:
No of characters: 1648.0 2899.98275862 57% => OK
No of words: 297.0 478.390804598 62% => More words wanted.
Chars per words: 5.54882154882 6.0591788892 92% => OK
Fourth root words length: 4.15134772569 4.65681771538 89% => OK
words length more than 5 chars: 0.3367003367 0.369966551584 91% => OK
words length more than 6 chars: 0.239057239057 0.285172536893 84% => OK
words length more than 7 chars: 0.127946127946 0.207245337619 62% => OK
words length more than 8 chars: 0.0841750841751 0.136322040163 62% => OK
Word Length SD: 2.54521848798 2.82910677849 90% => OK
Unique words: 155.0 234.298850575 66% => OK
Unique words percentage: 0.521885521886 0.492565540709 106% => OK
Word variations: 52.646761844 56.8184620615 93% => OK
How many sentences: 11.0 21.1264367816 52% => OK
Sentence length: 27.0 23.7468607788 114% => OK
Sentence length SD: 26.3683381387 62.0618507366 42% => The essay contains lots of sentences with the similar length. More sentence varieties wanted.
Chars per sentence: 149.818181818 143.81877709 104% => OK
Words per sentence: 27.0 23.7468607788 114% => OK
Discourse Markers: 0.818181818182 0.728815259664 112% => OK
Paragraphs: 3.0 4.87931034483 61% => More paragraphs wanted.
Language errors: 1.0 7.71264367816 13% => OK
Readability: 50.9057239057 52.2641144681 97% => OK
Elegance: 2.24242424242 1.64547068916 136% => OK
Coherence and Cohesion:
Essay topic to essay body coherence: 0.515156272058 0.39480681544 130% => OK
Sentence sentence coherence: 0.146134994396 0.11556216369 126% => OK
Sentence sentence coherence SD: 0.0802510895674 0.0736162880345 109% => OK
Sentence paragraph coherence: 0.657769758138 0.531340600358 124% => OK
Sentence paragraph coherence SD: 0.154924652054 0.15197228837 102% => OK
Sentence topic coherence: 0.27871784331 0.158818324754 175% => OK
Sentence topic coherence SD: 0.141539516762 0.0851127212816 166% => OK
Paragraph paragraph coherence: 0.511652512877 0.388921930462 132% => OK
Paragraph paragraph coherence SD: 0.0851739648757 0.0677916285025 126% => OK
Paragraph topic coherence: 0.373848142185 0.28015025965 133% => OK
Paragraph topic coherence SD: 0.173231852093 0.0610219844235 284% => OK
Task Achievement:
Sentences with positive sentiment : 8.0 10.8591954023 74% => OK
Sentences with negative sentiment : 1.0 5.30459770115 19% => More negative sentences wanted.
Sentences with neutral sentiment: 2.0 4.96264367816 40% => More neutral sentences wanted.
Positive topic words: 6.0 8.10632183908 74% => OK
Negative topic words: 0.0 3.93390804598 0% => More negative topic words wanted.
Neutral topic words: 1.0 3.04597701149 33% => More neutral topic words wanted.
Total topic words: 7.0 15.0862068966 46% => More topic words wanted.
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Rates: 54.17 out of 100
Scores by essay E-rater: 3.25 Out of 6