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Activity Quote by Milton Friedman

“There is one and only one 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.” quote by Milton Friedman
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“There is one and only one 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.”

Milton Friedman

About This Quote

Source Book: Capitalism and Freedom, 1962

Businesses should aim to maximize profit within legal and ethical boundaries.

In simple terms: Profit is primary if rules are followed.

Key Takeaway

Focus on profit while respecting laws.

Themes

profit ethics law

Mood

analytical serious

Type

philosophical economic

When to use this quote

  • corporate strategy
  • investment decisions
  • policy making

Key Concepts

market efficiency corporate responsibility shareholder value

Questions to Reflect On

  • How do you define “rules of the game”?
  • What responsibilities extend beyond profit?
A Different Perspective

Profit focus may ignore broader social impact.

2.6 out of 5 (10 ratings)

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