1. Why does Friedman believe that businessesshouldmaximise profits (i.e. that this is a moral obligation)? 2. Why does Friedman believe that businessesare forcedtomaximise profits, even if they would...

Q1.Why does Friedman believe that businesses should maximise profits (i.e. that this is a moral obligation)?
Answer:Friedman believed the social duty of a corporation to the public does not lie with it, since its sole aim is to make money for the business and for the shareholders, since the socially responsible shareholders are the shareholders. He argues further that the business contributes to totalitarianism when the society is worried with making more profit.
Q2.Why does Friedman believe that businesses are forced to maximise profits, even if they would rather pursue some other objective?
Answer:The individuals responsible in corporations are corporate owners, which means private owners or managers. A corporate executive is an employee of the company owner within a free corporation, a private property organisation. His employers are directly responsible. It is the obligation to run business in accordance with its wishes, which are normally to earn as much money as possible in accordance with its basic rules of society, both legal and ethical. Naturally, his employers may have different goals in some situations.For an eleemosynary intent – a group of persons might create a company for example, a hospital or school.. The company manager will not benefit from money as his intent, but will make certain services. In both cases , the main argument is that, in his role as corporate manager, the manager is the leader and his primary responsibility rests with the individuals who own the company or set up an elemosynical organisation.
Q3.According to Marx (as interpreted by Wolff, 2003), what is alienation of labour and what are the four forms of alienated labour?
Answer: According to Marx Four forms of alienated labour:-One is alienation from the labour product. The person is alienated from the things he makes,...