Free Market Economy 0.0 / 5 ? EthicsBusinessA2/A-levelAQA Created by: kyah_smithCreated on: 31-10-20 11:35 Free Market Economy An economy in which prices and wages are determined by the laws of supply and demand with minimal government interference. 1 of 8 Corporate Social Responsibility A sense that business has wider responsibilities than simply to their shareholders, including the communities and the environment. 2 of 8 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. 3 of 8 Common Good A state of affairs in which everyone can flourish most effectively. 4 of 8 Solidarity People are inter-dependant, needing each other and responsible for each other, especially the less privileged. 5 of 8 Fraternity Literally ‘brotherhood’ – the belief that we should treat everyone as our brothers and sisters. 6 of 8 Reciprocity Giving to everyone what is due and being willing to do more than strict justice requires. 7 of 8 Sustainability The belief that we are responsible for maintaining Earth and its resources for ourselves and future generations. 8 of 8
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