Question
Milton Friedman has once popularly said The social responsibility of business is to increase its profits; here is one and only one social responsibility of
Milton Friedman has once popularly said The social responsibility of business is to increase its profits; here 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 in the rules of the game, which is to say, engages in open and free competition, without deception or fraud. Do you agree or disagree with Friedmans arguments? Please provide your thoughts and analysis in class during the discussion by considering the goals of Financial Management we have covered in todays lecture.
The instructor split the class into two groups (an "Agreeing" group and a "Disagreeing" group), so prepare to take a position that may be different than your initial opinion.
I was in the agreeing group, so can you please provide answer for that. (I do not want disagree part)
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