Explain the Stakeholder Approach to Ethics

question 18

Essay

Explain the stakeholder approach to ethics.

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Definitions:

Loanable Funds

The funds available for borrowing in the financial markets, influenced by savings, government policies, and financial institutions' lending criteria.

Market

The arena in which buyers and sellers come together to trade goods, services, or financial instruments, establishing prices through supply and demand.

Usury Law

Legislation that sets the maximum interest rate that can be charged on loans, to prevent lenders from imposing excessively high rates.

Market Rate

The prevailing interest rate available in the market for loans or the rate at which other financial instruments are priced, often influenced by the supply and demand for money.