Ethicists disagree about the purpose of business in society

- Some see the main purpose of business as to maximise profits for its owners or shareholders; only those activities which increase profits are encouraged as this is the only way the company will survive (economist Milton Friedman)
- Others see businesses as having moral responsibilities to their stakeholders, employees, local community and wider society
- Others have adapted social contract theory (ideas of John Rawls in 'A Theory of Justice') to business - employees and other stakeholders are given a voice as to how the business operates

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A2 OCR Religious Ethics

Business Ethics