Milton Friedman said: ''There is one and only one social responsibility of business-to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game,which is to say that it engages in open and free competition without deception or fraud." This demonstrates that he:

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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.The assumption that Friedman is arguing against ethics is not quite true as,through the above statement,he states that businesses should behave in an ethical manner and not engage in deception and fraud.

Milton Friedman Said: ''There Is One and Only One Social