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Definition of social responsibility

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Please answer the question below , max 500 words, 300 will do too.

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1. Smith ("Benefits of the Profit Motive) himself states that he has "never known much good done by those who affected to trade for the public good" and calls it an "affectation [indeed] not very common among merchants" (159). Is Smith stating that it is okay for companies to ignore the greater good...to ignore responsibility to their common man in order for the profit motive to be increased? Why or why not?

2. What is your definition of social responsibility? Does it fit into Friedman's definition? Why or why not? Do you think businesses have a social responsibility to their fellow man? Why or why not?

Reference no: EM131428443

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