According to Milton Friedman, the primary goal of a business is to
A) satisfy customers.
B) expand globally.
C) make profits.
D) provide employment.

Question

Quizplus · Accepted Answer

According to Milton Friedman, the primary goal of a business is to maximize profits. He argues that businesses have a responsibility to their shareholders to generate profits and that by doing so, they will also benefit society as a whole. While satisfying customers, expanding globally, and providing employment are important aspects of running a successful business, they are secondary to the goal of making profits.

According to Milton Friedman, the Primary Goal of a Business