Nobel prize winner Milton Friedman asserts that a corporation is an "artificial person" and therefore has no true responsibilities to any constituent other than

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According to Milton Friedman's view, a corporation is only responsible to its owners since it is an "artificial person" and not a real individual with personal responsibilities towards society or any other group. Therefore, the primary obligation of a corporation is to make profits and increase returns for its shareholders.

Nobel Prize Winner Milton Friedman Asserts That a Corporation Is