Capitalism Is Economic System

Ethics deals with individual nature and moral rules that govern and limit our conduct. It investigates questions of right and wrong, duty and commitment, and moral responsibility

Business ethics is the study of what right and wrong human conduct in a business context.

Etiquette is the standards of right conduct in polite society, or, more generally , to any special code of social conduct or compliment

Capitalism is economic system in which the major rate of production and distribution is in private hands. A lot of firms are privately owned like banks. The private ownership and market are parts of capitalism contrast with its opposite, socialism

TODAY ECONOMIC CHALLENGES:

1- Growing trade deficit: America continues to run a big trade deficit.

2- American firms are focused on short-run performance.

3- Changing positions towards work

شورت انسرMorality and Law

People sometimes confuse legality and morality. On one hand, breaking the law is not always immoral. On the other hand, the legality of an action does not include that it is morally right.

1-An action can be illegal but morally right.

2-An action can be legal but morally wrong

شورت انسرPRINCIPLES OF ECONOMIC DISRIBUTION

Basis of distribution are: 1-To each an equal share 2-To each according to individual need 3-To each according to personal effort 4-To each according to social contribution 5-To each according to merit.

We employ different principles of distributive justice in different cases

Essay5: KEY FEATURES OF CAPITALISM:Although capitalism will continue to develop, it has 4 key Features:1-Companies: Capitalism Allows the establishment of companies that exist separately from the people related with them.2-Profit Motive: The purpose of the company is to make profit. Reflects a critical assumption about human nature 3-Competition: makes individual seek of self-interest socially beneficial.4-Private Property: is central to capitalism. Capitalism requires private ownership of the means of production.

Essay3Nozick's Theory of Justice: includ

Robert Nozick a libertarian philosopher called his theory of economic justice the entitlement theory .This theory holds that the distribute of goods ,cash and possessions is just if people are entitled to what they have, if they have earned their possessions without violating the rights of others. The main rules of Nozick's entitlement theory:1-person who holds a holding in according to rule