Responding to Milton Friedman

In today's lecture, we transitioned into talking about Milton Friedman's Shareholder Theory, which is also known as the Friedman Doctrine. This set of beliefs concerns economic policy, the role of capitalism in society, and business ethics. Perhaps the definitive statement of Friedman's ideology came in a $1970$ article he wrote in The New York Times Magazine, entitled "The Social Responsibility of Business is to Increase its Profits." That article has been uploaded to this section of Moodle as a PDF$.$ Read the attached article by Milton Friedman, then respond to the two prompts below.

Friedman refers to the "social responsibilities" that many people ask from business executives. Why does Friedman reject this idea?

What responsibilities does Friedman believe a business executive should prioritize instead of these social responsibilities?

Do you agree with Friedman's assessment of the role business plays in society? Why or why not?

Requirements for your answers:

Your response should be at least $15$ sentences in length.

Use at least one quote from the article, and cite it parenthetically using APA $7$th edition standards.

At the end of your assignment, provide a bibliography citation for the article in proper APA $7$th edition format.

Use proper academic language in your response, refraining from using pronouns like "I" and "You."