Question

According to Milton Friedman, businesses can best meet their responsibility to society by:

A. creating markets for domestic products. B. shifting the blame for product liability cases onto the legal system. C. supporting their preferred government officials. D. creating wealth for their stockholders.

Answer 1

According to Milton Friedman, businesses can best meet their responsibility to society by creating wealth for their stockholders. Friedman believed that businesses should prioritize maximizing profits for their shareholders as their main social responsibility.

Step-by-step explanation:

According to Milton Friedman, businesses can best meet their responsibility to society by creating wealth for their stockholders. Friedman argued that businesses should prioritize maximizing profits for their shareholders as their main social responsibility. He believed that government regulations should be in place to prevent businesses from acting in ways that cause harm to society.

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