Economist Milton Friedman emphasized the fact that business had "one and only one social responsibility," that being ______.

Question

Quizplus · Accepted Answer

Milton Friedman, a prominent economist, argued that the primary social responsibility of a business is to increase its profits, thereby focusing on its economic responsibility. This perspective emphasizes that businesses should concentrate on their core objective of generating profit for their shareholders, within the bounds of the law.

Economist Milton Friedman Emphasized the Fact That Business Had "One