Chapter_02_How_the_Business_System_Works

Chapter_02_How_the_Business_System_Works - BUS306002...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
BUS 306-002  Ethics in Decision Making Chapter 2:   How the Business System Works George Z. Peng
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Chapter Outline The Right of Private Property Individualism and Economic Freedom Equality of Opportunity Competition and Profits The Work Ethic  Consumer Sovereignty The Role of Government The Fundamentals and Canadian Capitalism Various Forms of Capitalism
Background image of page 2
The Right of Private Property The legal right to own and use economic  goods—for example, land and buildings Ethical implications: Uneven distribution of wealth Infringement of copyright rights Membership rights (e.g., labour unions) are  sometimes preferred over individual rights
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Economic Freedom Individualism : The view that the individual,  and not society or a collective, is the  paramount decision maker in society;  assumes that the individual is inherently  decent and rational. Economic freedoms
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 16

Chapter_02_How_the_Business_System_Works - BUS306002...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online