answersLogoWhite

0


Best Answer

"The only social responsibility of a company is to deliver profit to its shareholders".

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Milton friedman social responsibility
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who said The one and only social responsibility of business is to increase profits?

Milton Friedman


Which social responsibility theory has been advocated by Novel Prizewinning economist Milton Friedman?

Maximizing Profits


Who said that the social responsibility of business is a fundamentally subversive doctrine and that the one social responsibility of business is to use its resources and engage in activities design?

milton friedman


What argument against corporate social responsibility does Milton Friedman make?

Milton Friedman argues that the sole responsibility of corporations is to maximize profits for shareholders within the boundaries of the law. He believes that engaging in social responsibility activities diverts resources and ultimately harms society by undermining the competitive market system. Friedman also contends that individuals, not corporations, should take the lead in addressing social issues through personal philanthropy and volunteering.


Do you agree with Milton Friedman that the only responsibility of business is to maximize profit?

Apart from maximizing profit, the business community has social obligations to fulfill along with generating employment, thus accelerating the progress of the national economy.


What is the moral obligation of a corporation?

According to Nobel prize winning economist, "The Social Responsibility of Business is to Increase its Profits." See http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html


What are demerits of social responsibility?

demerits of social responsibility


What is the scope of social responsibility?

help me to know the scope of social responsibility


What is The scope of corporate social responsibility?

scope of corporate social responsibility


What is differentiate social responsibility and social responsive?

In social responsibility, it is your duties and responsibilities socially as a citizen. In social responsiveness, it is your response to a social matter.


What is differentiate social responsibility and social responsiveness?

In social responsibility, it is your duties and responsibilities socially as a citizen. In social responsiveness, it is your response to a social matter.


Is responsibility for a child's education a family responsibility or a societal responsibility?

It is a social responsibility