Honesty, Integrity, and High Ethical Standards Are Essential to a Capitalist

question 247

True/False

Honesty, integrity, and high ethical standards are essential to a capitalist economic system like the one that operates in the United States.

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Definitions:

Individualistic Culture

A culture in which the emphasis is on individual initiative, achievement, and creativity over maintenance of social cohesion.

Social Role

A set of expectations, norms, and behaviors that a society attaches to a particular status or position within a social structure.

Equality Matching

A principle of social justice and fairness where resources or efforts are shared equally among members of a group.

Legal Institutions

Structures and mechanisms of social order and cooperation governing the behavior of a set of individuals within a given human community, focusing on laws and regulations.