Examlex
During what period did innovations in technology and business bring Europe into a new merchant capitalist economy?
Social Responsibility
The ethical framework suggesting that individuals or organizations should act in a way that benefits society at large.
Invisible Hand
A term coined by Adam Smith to describe the self-regulating behavior of the marketplace.
Economic Power
Economic power refers to the ability of individuals, companies, or countries to influence or control economic conditions, markets, or resources.
Deontological Ethical Theories
Moral theories that prioritize adherence to duty or rules over the consequences of actions in determining the rightness of actions.
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