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Why do we say “the market knows nothing of honor?”
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Solved in 2 steps
- What is meant specifically by the terms: political, legal and economic conditions?1. What is a free market which no buyer or seller has power to significantly affect prices at which goods are exchanged?2. What is the discrimination that is the result of the actions of all or many of the people in an institution and of their routine processess and policies?How does the market society creates transparency among people?
- Do you believe the ethical principle of distributive justice should be followed? Why or why not? What types of goods would you want placed in your distribution? How would you provide for those goods given income equality?Ethics are defined as the study of what is good and right what our community believes is just and rig correct decisions made by society as a whole maximizing wealth1. If someone approaches you on the street, and offers to sell you stolen goods, is it wrong to purchase them? If a government plunders its natural resources to the det- riment of its citizens, is it wrong for companies to buy these natural resources?