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Assignment 31ADMS 1010January 23rd 2019Corporate Social Responsibility is a concept regarding businesses managing their economicbenefits with social and environmental responsibilities. Milton Friedman however, did notbelieve that businesses have responsibilities like humans do. Friedman believed that the onlysocial responsibility of a business was to increase profits. He uses many examples to furthersupport this claim. He believed that a business as a whole can not be said to have socialresponsibilities as those are the responsibilities of the ones running the business. Another one ofFriedman’s examples from the doctrine that support his claim was that he insisted that companiesthat focus on social and environmental responsibilities instead of maximizing profits arepromoting socialism. He believed that the purpose of a business in a free-enterprise system wassolely to generate profits. Friedman further discusses that social causes such as cutting down