ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Donating is a selfless act. One of the major positive effects of donating money to charity is simply feeling good about giving. Being able to give back to those in need helps you achieve a greater sense of personal satisfaction and growth, it feels good to help others.

Detailed explanation-2: -Every donation makes an impact No matter how much you can afford to give, as a one-off donation, through regular giving, or by fundraising for charity, your donation matters. Every donation received adds up and helps charities get to work and make a positive difference.

Detailed explanation-3: -A philanthropist is a person who donates time, money, experience, skills or talent to help create a better world. Anyone can be a philanthropist, regardless of status or net worth.

Detailed explanation-4: -Another important difference between generosity and charity is that generosity isn’t always directed to those in need. A person can be generous with his or her time, energy, and resources without ever helping someone less fortunate. Charity, on the other hand, is almost always directed toward those in need.

Detailed explanation-5: -1 PERSONAL VALUES. 96% of people gave to charity as they felt a sense of duty to give back to society and tackle inequality, using their own good fortune to help others.