Corporate social responsibility refers to responsibilities

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Corporate social responsibility refers to the responsibilities of a corporation to be a concerned and engaged citizen in its communities.

However, Milton Friedman argued that a company’s only responsibility was to reward its shareholders with profits. It was then up to the shareholders as individuals to use their own money to contribute to social causes.

Do you think one argument has more merit than the other? How do you think the two perspectives can be reconciled?

Reference no: EM132308517

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