Many people say that business people do not do enough for society. Some students choose to go into the public sector instead of business because they want to help others. However, business people say that they do more to help others than nonprofit groups because they provide jobs for people rather than giving them charity. Furthermore, they believe businesses create all the wealth that nonprofit groups distribute. Find the middle ground in the debate and show that both business people and those who work for nonprofit organizations contribute to society and both need to work together more closely to help people. How could you use the concepts of Adam Smith to help illustrate your position?

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This is, in a sense, an example of how overgeneralization leads to false dichotomies. Not all businesses are identical, and the concept of benefiting society is not monolithic.

At one extreme, Bernard Mandeville famously argued in his The Fable of the Bees: or, Private Vices, Publick Benefits (1714) that as the wealthy spend money on their vices, they benefit society. One could argue similarly that any activity that creates wealth will eventually benefit society through a trickle-down effect. Adam Smith also makes the point that efficient markets create public...

(The entire section contains 268 words.)

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