Review:
The Social Responsibility Of Business Is To Increase Its Profits By Milton Friedman
overall review score: 2.5
⭐⭐⭐
score is between 0 and 5
The concept of the social responsibility of business, as espoused by Milton Friedman, posits that a company's primary responsibility is to increase its profits without violating laws or engaging in deceptive practices.
Key Features
- Profit maximization
- Legal compliance
- Ethical business practices
Pros
- Emphasis on efficiency and competitiveness
- Clear focus on legal obligations
Cons
- Lack of consideration for societal welfare
- Limited emphasis on ethical responsibilities