In 1970, American economist and statistician Milton Friedman wrote a groundbreaking essay in the New York Times on the purpose of business. In it, he states that “There is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits.” For years following the essay, this idea has driven corporations of all kinds. However, in recent years, things have changed.
With more businesses contributing to the betterment of society as a whole, many people view businesses as a necessary part of human advancement.
from StartUp Mindset https://startupmindset.com/social-objectives-business/