Q.Give any two arguments against (the case AGAINST) social responsibility of business.

Arguments against social responsibility include the view that profit maximisation is business's only proper job, and that businessmen lack the expertise to solve social problems.

Two arguments against social responsibility of business (any two of the following are acceptable):

1. Profit maximisation is business's core job. On the view associated with economist Milton Friedman, a business's only social responsibility is to increase its profits lawfully and honestly; pursuing broader social goals is not what shareholders entrust managers to do with their capital.
2. Managers lack the expertise to solve social problems. Businessmen are trained to run a business efficiently, not to solve poverty, education, or public-health problems, which are better addressed by specialists and government.
3. Increased cost of doing business. Money spent on social programmes is often ultimately passed on to consumers as higher prices. …