Managerial economic question

Aug 24th, 2015
Anonymous
Category:
Business Finance
Price: $15 USD

Question description

According to Milton Friedman, "Business has only one social responsibility – to make profits (as long as it stays within the legal and moral rules of the game established by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible." Explain why you agree or disagree with such a statement.


** Must be at least 300 words and cite to sources-APA



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