{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Bus 101 Milton Friedman

Bus 101 Milton Friedman - Group Project Bus 102 Ms Finnerty...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Group Project Bus 102 Ms. Finnerty 4/17/2009 Milton Friedman Milton Freidman is an economist who truly believes in a free market. His argument is that businesses should be concerned with one main objective, to increase profits for shareholders.   Friedman says, “there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engage in open and free competition without deception or fraud”(Freidman 79). He says that there is a social responsibility to use its resources to increase profits as long as no rules are broken. Freidman believes that only people, not corporations have social responsibilities, but in a corporation it is the executives who have a responsibility to the shareholders, which is to manage and maximize profits. The amount of government regulation in our economy is something that he had a
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern