For the more idealistic lot, the first thing that comes to mind when someone says “businessman” or “maximizing profit” is a tyrannical, capitalistic pig akin to Animal Farm’s Napoleon, whipping up the working class to dig for more truffles. On the contrary, a capitalist would argue that a business can be more boon that bane, and that it rarely fits the bill of its often touted stereotype.

Economic Strengthening

Each business, for every profit it makes, adds to the national economy, solidifying the position of the Philippines in the global market. In the process, in order to gain the support of the masses, it provides the supply to appease a national demand.

Additional Employment

The nature of a company and how it survives is an often overlooked benefit to the community. In order for a business to expand, let alone even be conceived, it needs employees to keep it running. In the process, other people are provided with employment opportunities, which are already hard to find in this country.

Medical Advancement

Almost all scientific advancements in the fields of medicine would probably not have come to fruition without proper funding. Doctors with a penchant for mercy and price-cutting—although modern-day heroes in their own right—aren’t the most reliable money-makers. Hospitals provide the sympathy; donating business roll in the money.

Morale

If a business focused solely on maximizing its profits, it would do much worse compared to a business that actually acknowledged its expenses. Providing a substantial salary and the necessary benefits to its employees is part of what reels in profit. It stands to reason that a nourished workforce equates to an effective one.