1. Role of business in society
In discussing social responsibility, Friedman summarises his views in his book, Capitalism and Freedom: "[In a free society ] 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." ... Clearly, this radical approach would not be acceptable to the majority of citizens in a functioning democratic society. ... If society grants a business the "license" to operate (representing...
- Word Count: 2501
- Approx Pages: 10
- Grade Level: Undergraduate