How Did Friedman Resolve Social Problems

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Another argument that Friedman makes is that the right institution for managing social problems is the government. He argues that corporations should not resolve social problems; the ultimate solution is government regulation. In that, society should express their social concerns to elected representatives in the government provide the legal framework for these issues. In other words, the government should regulate effectively and the businesses should comply with laws and regulations while focusing solely on operating profitability.

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