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Social responsibility of business

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Reference no: EM133155177

Answer the essay question below in 1-2 pages (250-500 words).

According to Milton Friedman, "there is one and only one social responsibility of business--to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."

In your analysis, do you agree or disagree with Friedman's perspective? In others words, what is the social responsibility of a business?

Remember - there is no right and wrong answer here: I am interested in your own perspective and opinion! Support your answer using concrete examples and evidence from your lectures, textbook and other material that you can find on the web. Don't forget to properly cite your answers. Good Luck!

Reference no: EM133155177

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