Business Quote by Milton Friedman
“There is only one social responsibility of business”
About This Quote
Businesses have a single social duty: to increase profits.
In simple terms: The only social responsibility of business is profit.
Focus on profit generation.
Themes
Mood
Type
When to use this quote
- corporate strategy
- investment decisions
- market competition
Key Concepts
Questions to Reflect On
- Is profit the only metric of responsibility?
- How do other stakeholders fit in?
Ignores broader societal impacts.