Milton Friedman, Nobel Prize-winning economist, said, "The social responsibility of business is to increase profits," Yet his statement was ethical, in that

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Friedman's perspective was that businesses should focus on their primary objective of generating profit for their shareholders, rather than taking on roles or responsibilities that might traditionally fall to elected officials or public institutions. He argued that business leaders are not elected to make societal or ethical decisions on behalf of the public and that using company funds for social causes unrelated to the business's core objectives could be seen as misappropriating shareholders' investments.

Milton Friedman, Nobel Prize-Winning Economist, Said, "The Social Responsibility of Business