Milton Freidman stated in his famous article in the New York Times in 1970 that "the social responsibility of business is to increase profit." Do you agree or disagree? Explain your position.
I agree and disagree with this statement. I do agree that a business needs to increase profits as one of their primary objectives. However, I also believe that the consumer's needs should be taken into consideration. The purpose of a business is about providing goods or services to the people.