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Practice Reading: Re-order Paragraphs
ID: #36004
Milton Friedman
* Move & order all paragraphs in the right field
Paragraph list
For him, the only obligation companies needed to fulfil was to their shareholders, so companies were discouraged from doing anything which could prevent them from maximising their financial gains.
Putting aside the obvious moral criticisms of this view, even from an economic perspective, 'Shareholder Theory' seems problematic.
However, in the 1970s, the influential economist Milton Friedman had very different views about what companies should focus on.
Most corporate websites have sections discussing the company's social responsibility and values'.
After all, research has shown that companies which are perceived to be socially responsible are more likely to attract more consumers, proving that companies can increase their profits while also helping society.
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