Compare and Contrast the Views Held by Milton Friedman Regarding

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The Answer is Milton Friedman asserted that 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 as long as it stays within the rules of the game." To Friedman,following the "rules of the game" meant engaging in open and free competition without deception and fraud.Someone who follows the stakeholder interest theory of social responsibility would say that,although a corporation does have an obligation to its shareholders,there are also others to whom the corporation or business owes an obligation.These others include employees,customers,suppliers,creditors,and the local community.

Compare and Contrast the Views Held by Milton Friedman Regarding

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