A Capitalist System Requires a Strong System of Ethical Behaviour,as

question 55

Multiple Choice

A capitalist system requires a strong system of ethical behaviour,as without it:

• A) profits fail to exist
• B) competitive rivalry is limited
• C) monopolies control the market
• D) the government must intervene and regulate markets
• E) hoarding occurs

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Definitions:

Situational Factors

External influences that affect individuals' behavior, perceptions, and responses in various contexts.

Freeloaders

Individuals who take advantage of others' efforts or resources without giving anything in return, often in a group or community setting.

Selectivity Of Person Perception

The process by which individuals selectively interpret what they see in others based on their own interests, background, experience, and attitudes.

Self-Serving Bias

The common tendency to attribute one's successes to personal factors while attributing failures to external factors.