In the economic theory of Milton Friedman, a firm is being socially responsible by rewarding owners while giving society products and jobs.

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According to Milton Friedman's view of social responsibility, a firm's primary responsibility is to maximize profits for its owners or shareholders, as long as it stays within the rules of the game (i.e. laws and ethical standards). This focus on profit is seen as the firm's way of contributing to society, by providing products or services that meet consumers' needs and by creating jobs. In this sense, Friedman believed that a firm could be considered socially responsible by rewarding its owners and benefiting society through its economic activities.

In the Economic Theory of Milton Friedman, a Firm Is