Final answer:
Altruism and monetary donations are popular components of social responsibility. They promote the welfare of others and support education, employment, and economic equity.
Step-by-step explanation:
Altruism can be considered a popularly used component of social responsibility. It involves promoting the welfare of others through generous monetary donations to social causes. This practice helps support education, prepare people for the real world, and provide training and tools for employment. It can also be related to the concept of economic equity, where the government redistributes wealth among its citizens to ensure fairness and provide social welfare programs for those in need.