Describe how individuals can develop the role of ethics in a mixed economy and identify the characteristics of a mixed economy: Business Ethics Assignment, HU, Malaysia

University HELP University (HU)
Subject Business Ethics
  • Describe how individuals can develop the role of ethics in a mixed economy and identify the characteristics of a mixed economy.
  • Critically explain how a perfectly competitive market at its equilibrium point is able to achieve these 3 moral criteria of Right, Utility, and Justice.
  • A mixed economy consists of both private and government-owned entities that share control of owning, making, selling, and exchanging goods in a country. Discuss the advantages and disadvantages of a mixed economy in the markets.
  • Distinguish personal property and private property, command economy, and market economy in the business system.
  • Identify and explain the 4 (four) steps leading toward Ethical Behavior in a rational organization.

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