Even though consumers have a more significant responsibility in making

Even though consumers have a more significant

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Even though consumers have a more significant responsibility in making consumption choices, the company should be able to protect consumers by providing all the relevant information on the products they provide, (Ferrell & Fraedrich, 2015). Most companies are focused on making profit from the sale of their products and thus tend to neglect this ethical obligation. Capitalism refers to a type of economic system where private proprietors control industry and trade and the primary focus is the net income. Economic resources are owned and controlled by individuals and decisions are made based on self-interest, (Levi-Faur, 2017). Capitalism is beneficial because it allows competition to thrive. The existence of competition enables businesses to make decisions of differentiating their products and improving the quality of the commodities provided. Companies are always making production decisions based on competition in order to increase their share of the market. Capitalism also enables the company to make shareholder decisions and decide the amount of the proceeds that goes back to the investors.
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NOT ALL COMPANIES ARE VIEWED AS EQUAL 4 A company can succeed in catering for its own interests as well as those of the consumers. The major interest of a company is to make profit from sales. A company thus focuses on lowering its production costs relative to its benefits. Therefore, this requires the company to increase its customer base. The consumer’s major interest is to satisfy his or her utility at the least possible cost. The company can achieve the balance between its interests and
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