Briefly Explain Milton Friedman's View of Social Responsibility

question 36

Essay

Briefly explain Milton Friedman's view of social responsibility.

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Definitions:

Specific Performance

A legal remedy in contracts where the court orders one party to fulfill their specific duties under the contract, rather than seeking damages for breach.

Breach Of Condition

Violation of a fundamental term or condition in a contract that results in the agreement being compromised or voided.

Finished Agreement

A fully negotiated contract that has been signed by all parties involved, indicating their mutual consent to its terms and conditions.

Reasonably Foreseen

The ability to predict or anticipate an event or outcome based on available information, often relating to legal liability for certain actions.