Do we think it should be a legal requirement for companies

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Question: Not everyone believes that businesses should have a social conscience. Economist Milton Friedman stated that "'social responsibilities of business' are notable for their analytical looseness and lack of rigor." Friedman believed that only individuals can have a sense of social responsibility. Businesses, by their very nature, cannot. Some experts believe that social responsibility defies the very point of being in business: profit above all else.

Do we think it should be a legal requirement for companies to be socially responsible? Why or why not?

Reference no: EM133536930

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