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.”
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.
Focus on profit while respecting laws.
Themes
Mood
Type
When to use this quote
- corporate strategy
- investment decisions
- policy making
Key Concepts
Questions to Reflect On
- How do you define “rules of the game”?
- What responsibilities extend beyond profit?
Profit focus may ignore broader social impact.