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.
It is common knowledge that corporations exist mainly to make profits and they implore various antics to maximize their profits. In order to stay profitable, corporations want to maximize their revenue and minimize their cost. While profitability is good for the economic of a nation, this drive to maximize profit often creates conflict with the general welfare of the nation at large.
One way to look at this is the drive of corporations to increase their revenue. Most corporations achieve this by increasing the price of their products. While the effect of increase in price is less for non-essentials, the effect becomes more profound when the product is a fundamental product like food, clothing and housing. Increase in price of these product will lead to an increase in the standard of living. Without a corresponding increase in earning power, the welfare of the nation at large is sacrificed.
Another corporation might decide to maximize its profit by reducing its cost of production. The primary target in this case will be raw materials. Raw materials suppliers will bear the burden of reduced revenue. These suppliers will adjust by reducing the wages and benefits of their employees in order to stay afloat. A reduction in the earning power of these employees will lead to a reduced welfare of the populace in general. Although, the formation of trade unions can limit the power of big corporations in dictating the price of raw materials, the availability of substitutes and/or lack of competition for the raw materials give large corporation the bargaining power in controlling price.
In situations where the above means are not possible, corporations tend to look inward to minimize operating cost so as to maximize profit. This ranges from reducing employee wages and benefits to poorer working conditions. It is pertinent to note that these approach is more successful in countries with lax labour laws. A reduction in the wages of employees will reduce their purchasing power and hence reduce their general welfare. This is benign compared to the harsh working conditions they will be exposed to as well as the precarious environment created for anyone living close to the areas where these corporations exist.
It is important that corporations are profitable so that the economy of a nation will grow. However, measures such as labour laws, trade unions and maximum price ceilings should be kept in place to control any deleterious effect this drive for maximizing profit will have on the general welfare of the nation at large.
Grammar and spelling errors:
Line 3, column 350, Rule ID: THIS_NNS[2]
Message: Did you mean 'this product' or 'these products'?
Suggestion: this product; these products
...thing and housing. Increase in price of these product will lead to an increase in the standar...
^^^^^^^^^^^^^
Line 7, column 115, Rule ID: SO_AS_TO[1]
Message: Use simply 'to'
Suggestion: to
... look inward to minimize operating cost so as to maximize profit. This ranges from reduc...
^^^^^^^^
Transition Words or Phrases used:
hence, however, if, look, so, well, while, as to, in general, such as, as well as
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 15.0 19.5258426966 77% => OK
Auxiliary verbs: 12.0 12.4196629213 97% => OK
Conjunction : 9.0 14.8657303371 61% => OK
Relative clauses : 7.0 11.3162921348 62% => More relative clauses wanted.
Pronoun: 31.0 33.0505617978 94% => OK
Preposition: 70.0 58.6224719101 119% => OK
Nominalization: 8.0 12.9106741573 62% => OK
Performance on vocabulary words:
No of characters: 2149.0 2235.4752809 96% => OK
No of words: 417.0 442.535393258 94% => More content wanted.
Chars per words: 5.15347721823 5.05705443957 102% => OK
Fourth root words length: 4.5189133491 4.55969084622 99% => OK
Word Length SD: 2.83032347684 2.79657885939 101% => OK
Unique words: 194.0 215.323595506 90% => More unique words wanted.
Unique words percentage: 0.465227817746 0.4932671777 94% => More unique words wanted or less content wanted.
syllable_count: 683.1 704.065955056 97% => OK
avg_syllables_per_word: 1.6 1.59117977528 101% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 7.0 6.24550561798 112% => OK
Article: 7.0 4.99550561798 140% => OK
Subordination: 2.0 3.10617977528 64% => OK
Conjunction: 0.0 1.77640449438 0% => OK
Preposition: 3.0 4.38483146067 68% => OK
Performance on sentences:
How many sentences: 21.0 20.2370786517 104% => OK
Sentence length: 19.0 23.0359550562 82% => The Avg. Sentence Length is relatively short.
Sentence length SD: 53.665251175 60.3974514979 89% => OK
Chars per sentence: 102.333333333 118.986275619 86% => OK
Words per sentence: 19.8571428571 23.4991977007 85% => OK
Discourse Markers: 3.85714285714 5.21951772744 74% => OK
Paragraphs: 5.0 4.97078651685 101% => OK
Language errors: 2.0 7.80617977528 26% => OK
Sentences with positive sentiment : 15.0 10.2758426966 146% => OK
Sentences with negative sentiment : 2.0 5.13820224719 39% => More negative sentences wanted.
Sentences with neutral sentiment: 4.0 4.83258426966 83% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.164764793151 0.243740707755 68% => OK
Sentence topic coherence: 0.0562597898031 0.0831039109588 68% => OK
Sentence topic coherence SD: 0.0648100804405 0.0758088955206 85% => OK
Paragraph topic coherence: 0.112347011617 0.150359130593 75% => OK
Paragraph topic coherence SD: 0.0692846679672 0.0667264976115 104% => OK
Essay readability:
automated_readability_index: 12.8 14.1392134831 91% => Automated_readability_index is low.
flesch_reading_ease: 52.19 48.8420337079 107% => OK
smog_index: 8.8 7.92365168539 111% => OK
flesch_kincaid_grade: 10.7 12.1743820225 88% => OK
coleman_liau_index: 12.59 12.1639044944 104% => OK
dale_chall_readability_score: 8.71 8.38706741573 104% => OK
difficult_words: 109.0 100.480337079 108% => OK
linsear_write_formula: 8.5 11.8971910112 71% => OK
gunning_fog: 9.6 11.2143820225 86% => OK
text_standard: 9.0 11.7820224719 76% => OK
What are above readability scores?
---------------------
Rates: 50.0 out of 100
Scores by essay e-grader: 3.0 Out of 6
---------------------
Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.