Social responsibility involves businesses balancing profit-making with benefiting society through developing positive relationships within the communities they operate. It includes duties like efficient resource use, ethical conduct, skills development, and honesty. Businesses have responsibilities towards employers like loyalty and trust, towards the public like health and safety, towards customers like quality products and services, towards workers like fair treatment and good working conditions, and towards the environment like using eco-friendly practices and properly managing waste. Hazardous substances are also tightly regulated.