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What does Friedman believe is the sole social responsibility of business? Granted this view, what is...

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Psychology

What does Friedman believe is the sole social responsibility ofbusiness? Granted this view, what is the proper role of a corporateexecutive? How does Friedman understand the general claim thatcorporate officers should have “social responsibilities”? Friedmanclaims that an executive who considers social responsibilities thatare not in the interest of the stockholders has become an unelectedcivil servant. What does Friedman mean by this claim, and why isthis contrary to the good of a free market economy?

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According to Friedman the only social responsibility of business is to use its resources in activities to increase its profit by following all the rules and without involving and deceits    See Answer
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