Question
There is one and only one social responsibility of businessto use its resources and engage in activities designed to increase its profits so long as
There is one and only one social responsibility of businessto 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, engages in open and free competition without deception or fraud
- Milton Friedman
Milton Friedman argued that the purpose of a business is to earn profits and that is its only goal. Do you agree with this viewpoint? Discuss what you feel are some pros and cons of a business expanding its focus to consider the effect of its actions on people and planet.
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