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Pages:
1 page/≈275 words
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Level:
APA
Subject:
Literature & Language
Type:
Essay
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English (U.S.)
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Topic:

The Benefits or Disadvantages of Profit Maximization (Essay Sample)

Instructions:
The “stockholder view” put forward by Milton Friedman holds that managers should always seek to maximize profits. Proponents of this view make the utilitarian claim that maximizing profits will promote the general welfare. How, according to this view, will maximizing profits promote the general welfare? Do you agree or disagree with Friedman? Explain why. source..
Content:

Case Study: The Benefits or Disadvantages of Profit Maximization
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* Ethical Dilemmas
Utilitarians claim that maximizing profits will promote the general welfare. This
is because our current economic system relies on the market. The market system requires widespread and intensive mass production, a vibrant money economy that thrives on exchange, competition, and high investments. These all require profit maximization if businesses are to thrive. If corporations go bankrupt, then the whole economy collapses and everyone will suffer. If corporations thrive due high profit maximization then the economy will be stable and everyone will enjoy the fruits of a stable econ...
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