What do you understand by social responsibility of business ? How is it different from legal responsibility ?

Explanation

Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. Social responsibility, as it applies to business, is known as corporate social responsibility (CSR).



Differences between Social and Legal Responsibility.
Legal responsibility is compulsory under any of the laws, acts and constitution. Social responsibility is not backed by legal provisions. Legal responsibility is compulsion while social responsibility is a choice.