According to the Nobel-Prize-winning economist,Milton Friedman,the only social responsibility of a business is to increase its profits.

Question

Quizplus · Accepted Answer

In his book Capitalism and Freedom,Friedman argued that the only social responsibility of business was to increase its profits.He asserted that as a firm creates wealth for its shareholders,society as a whole will also be benefited.

According to the Nobel-Prize-Winning Economist,Milton Friedman,the Only Social Responsibility of a Business