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Social Responsibility

Milton Friedman was the author of an informative and eye-opening article titled, "The Social Responsibility of Business is to Increase its Profits." Within this article, Friedman explains in complex detail about the notion of "social responsibility" of businessmen within a corporate environment. Friedman argues that businessmen are only out for one particular goal. That goal would be to increase their profits.

Throughout Friedman's article he is continuously emphasizing the idea of social responsibility and he compares and contrasts examples of what exactly social responsibility entails. The businessman has the responsibility of conducting business with his employers, customers, and stockholders. But, he is constantly pursuing a way to gain profits. When a businessman is making a decision, whether or not he will receive a profit will in turn determine what decision he will ultimately make. He believes that businessmen who gives speeches and......

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Approximate Word Count: 698
Approximate Pages: 3 (250 words per double-spaced page)

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