What is Cultural Social Responsibility

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One of the most well-known criticisms of Cultural Social Responsibility (CSR) came from the Nobel Price-winning economic Milton Friedman (1970), who proclaimed in his New York Times Magazine article on September 13, 1970, that “the social responsibility of business is to increase its profit.”  

What is Cultural Social Responsibility? How would you respond to this quote? Is it in complete contradictions with the CSR?

Reference no: EM132167989

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