Which Ethical Principle Do You Think You Most Follow When

question 34

Short Answer

Which ethical principle do you think you most follow when examining choices and justifying actions?

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Definitions:

Maximum Output Level

The highest quantity of a good or service that can be produced efficiently with available resources and technology.

Profit Incentive

A profit incentive is a financial or material reward that motivates individuals or businesses to pursue certain actions or goals for economic gain.

Classical Theory

An economic theory that suggests that free markets operate under the laws of supply and demand and are self-regulating.

Employment

The condition of having paid work.