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Item 1 In his book Capitalism and Freedom, economist Milton Friedman wrote

Item 1

In his book Capitalism and Freedom, economist Milton Friedman wrote on page 133: “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it … engages in open and free competition, without deception or fraud.”

Required: Explain why you agree or disagree with this quote in one paragraph (or more) with at least 5 sentences.

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