Free Market Economy

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Free Market Economy
An economy in which prices and wages are determined by the laws of supply and demand with minimal government interference.
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Corporate Social Responsibility
A sense that business has wider responsibilities than simply to their shareholders, including the communities and the environment.
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Human Dignity
People are valuable by virtue of their being human, not because of their usefulness or some other quality they might possess such as rationality.
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Common Good
A state of affairs in which everyone can flourish most effectively.
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Solidarity
People are inter-dependant, needing each other and responsible for each other, especially the less privileged.
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Fraternity
Literally ‘brotherhood’ – the belief that we should treat everyone as our brothers and sisters.
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Reciprocity
Giving to everyone what is due and being willing to do more than strict justice requires.
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Sustainability
The belief that we are responsible for maintaining Earth and its resources for ourselves and future generations.
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Other cards in this set

Card 2

Front

A sense that business has wider responsibilities than simply to their shareholders, including the communities and the environment.

Back

Corporate Social Responsibility

Card 3

Front

People are valuable by virtue of their being human, not because of their usefulness or some other quality they might possess such as rationality.

Back

Preview of the back of card 3

Card 4

Front

A state of affairs in which everyone can flourish most effectively.

Back

Preview of the back of card 4

Card 5

Front

People are inter-dependant, needing each other and responsible for each other, especially the less privileged.

Back

Preview of the back of card 5
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