Society benefits most when firms focus purely on their own financial success.This statement best reflects the ideas of ______.
A)Charles Handy
B)Adam Smith
C)David Packard
D)Milton Friedman

Question

Quizplus · Accepted Answer

Milton Friedman was a renowned economist who believed that the ultimate goal of firms should be to maximize profits and shareholder value. He argued that as long as firms operate within the boundaries of the law and free-market competition, their focus on financial success benefits society as a whole by creating jobs, generating economic growth, and driving innovation.

Society Benefits Most When Firms Focus Purely on Their Own