Business ethics This week we are covering the textbook topics found in Chapter 4, The Nature of...

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General Management

Business ethics
This week we are covering the textbook topics found in Chapter4, The Nature of Capitalism (beginning on page 117) andChapter 5 Corporation (beginning on page 156).
For this week’s discussion you need to post your thoughts on thefollowing questions.
Per our textbook, there are four key features of capitalismwhich include the existence of companies, the goal of making aprofit, a competitive market, and private property ownership.
How do these four features of capitalism relate to you as anindividual residing in the “land of free enterprise.?”
Do you feel that capitalism is fair across the board for smallbusiness owners as well as large corporate giants? Explain yourthoughts.

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Answer Four features of capitalism 1 Existence of organizations Each individual ready to open an enterprise of his decision can open it Individuals are free to follow any occupation as per their capacities and taste Organizations have the freedom to enter in an agreement Because of this sort of freedom numerous organizations exist in the capitalism 2 Goal of making a profit In capitalism want to win profit is the most significant explanation or incitement for the monetary exercises All the representatives or business people consistently hope to begin a business or occupation which can give them most extreme profit In capitalism profit is essential to such an extent that business people are prepared to face high challenges A bad situation for See Answer

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