Overview
Economic ethics is a vital field that examines the moral principles guiding economic decision-making. It emphasizes the importance of fairness, responsibility, and the impact of choices on society and the environment. Understanding economic ethics helps individuals and organizations navigate complex...
Key Terms
Example: Honesty is a key ethical principle in business.
Example: A company donating to local charities.
Example: Using renewable energy sources.
Example: Choosing policies that benefit the majority.
Example: Following laws even if they lead to negative outcomes.
Example: Being honest because it is a virtue.
Related Topics
Behavioral Economics
Study of how psychological factors affect economic decision-making.
intermediateEnvironmental Economics
Focuses on the economic impact of environmental policies and practices.
intermediateBusiness Ethics
Explores ethical issues in business practices and corporate governance.
intermediateKey Concepts
Ethical Decision-MakingCorporate Social ResponsibilitySustainabilityFair Trade