Yes Increasing profits is the business's social responsibility. In it, he argued that a shareholder company only has obligations to its owners and has no social responsibility to society or the wider public.
Social responsibility is also a component of business interactions with investors. Although it may appear that a company's primary duty to its shareholders is its economic responsibility to produce a profit, some investors are placing an increasing amount of focus on other facets of social responsibility.
Corporate social responsibility (CSR), usually referred to as social responsibility in business, is the practice of individuals and businesses acting morally and conducting business in a manner that is considerate of others' social, cultural, economic, and political viewpoints.
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