According to ________, the social responsibility of business is to increase profits, so long as the company stays within the rules of law.

Question

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Friedman's basic position is that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law. He explicitly rejects the idea that businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business.

According to ________, the Social Responsibility of Business Is to Increase