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Business Quote by Milton Friedman

“There is only one social responsibility of business” quote by Milton Friedman
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“There is only one social responsibility of business”

Milton Friedman

About This Quote

Businesses have a single social duty: to increase profits.

In simple terms: The only social responsibility of business is profit.

Key Takeaway

Focus on profit generation.

Themes

economics business ethics

Mood

analytical controversial

Type

economic ethical

When to use this quote

  • corporate strategy
  • investment decisions
  • market competition

Key Concepts

profit motive shareholder theory

Questions to Reflect On

  • Is profit the only metric of responsibility?
  • How do other stakeholders fit in?
A Different Perspective

Ignores broader societal impacts.

4.6 out of 5 (9 ratings)

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