I believe that if there are no strict controls on production in a liberal society such as Australia, the natural resources will quickly be exhausted and the natural environment will be polluted to harmless levels which can never be reversed. A number of authors argue, however, that businesses should not run solely for the interests of the stockholders. Rather, businesses have a social responsibility that requires them to consider the interests of all parties affected by the actions of the business. Thus, another way to analyse the social responsibilities of business is to consider those affected by the business decisions, and referred to as stakeholders. The business affects their livelihood because they need money to live and purchase material things.
Employees have their jobs and again their livelihood to consider.
Suppliers are also considered as stakeholders because the business relies on them to provide the necessary raw materials which will determine the final product's quality and price. The supplier needs to be treated with respect if they are to respond to the needs of the business appropriately and accordingly. Customers need also to be treated as a valued member of the stakeholder network because without them the business would not exist. They provide the revenue that is needed for the business to achieve its main goal - to be profitable. The community is another stakeholder because in theory the local community grants the business the right to exist.