University of Chicago Professor Milton Friedman famously said about social respo
ID: 328965 • Letter: U
Question
University of Chicago Professor Milton Friedman famously said about social responsibility:
The social responsibility of business is to make money legally.
Big multinational corporations must solve all the social problems in the world.
Business is immoral for not helping out in the community.
When in Rome, do as the Romans.
The social responsibility of business is to make money legally.
Big multinational corporations must solve all the social problems in the world.
Business is immoral for not helping out in the community.
When in Rome, do as the Romans.
Explanation / Answer
University of Chicago Professor Milton Friedman famously said about social responsibility:
The social responsibility of business is to make money legally.
The social responsibility of business is to engage its resources and conduct activities to increase its profits while ensuring they stay within the regulations while ensuring they involve in competition without any kind of fraud and deception.
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