Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
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Question
Chapter 3.3, Problem 3R
To determine
To understand how consumer and business act ethically along with three examples
Expert Solution & Answer
Explanation of Solution
Examples of ethical consumerism:
- Avoid buying products which are produced unethically.
- Using product which does not pollute the environment.
- Purchase product through an ethical way i.e. avoiding black marketing.
Examples of
- To pay fair wages.
- To not sell product which is harmful to the environment and society.
- To avoid unfair trade practices.
Economics Concept Introduction
Consumer acts ethically by buying a product which is not produced in an ethical manner and are not harmful to the environment and society. Business acts ethically by not producing anything in an unethical manner and should promote interest of its employee, customers and stakeholders.
Chapter 3 Solutions
Economics Today and Tomorrow, Student Edition
Ch. 3.1 - Prob. 1RCh. 3.1 - Prob. 2RCh. 3.1 - Prob. 4RCh. 3.2 - Prob. 1RCh. 3.2 - Prob. 2RCh. 3.2 - Prob. 3RCh. 3.2 - Prob. 4RCh. 3.3 - Prob. 1RCh. 3.3 - Prob. 2RCh. 3.3 - Prob. 3R
Ch. 3.3 - Prob. 4RCh. 3.3 - Prob. 5RCh. 3 - Prob. 1AACh. 3 - Prob. 2AACh. 3 - Prob. 3AACh. 3 - Prob. 4AACh. 3 - Prob. 5AACh. 3 - Prob. 6AACh. 3 - Prob. 7AACh. 3 - Prob. 8AACh. 3 - Prob. 9AACh. 3 - Prob. 10AACh. 3 - Prob. 11AACh. 3 - Prob. 12AACh. 3 - Prob. 13AACh. 3 - Prob. 14AACh. 3 - Prob. 15AACh. 3 - Prob. 16AACh. 3 - Prob. 17AACh. 3 - Prob. 18AACh. 3 - Prob. 20AACh. 3 - Prob. 21AACh. 3 - Prob. 22AACh. 3 - Prob. 23AACh. 3 - Prob. 24AA
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