Ethics

_essay .doc : Liberalism and Free Enterprise Business PracticeQUESTIONSCritically discuss one of the mainstay respectable appraisals of the stark enterprise contrast c erstwhilern put- Libertarianism , Liberalism Communitarianism or Marxism considered in the lectures for this unitWhat , in your judgement , argon the major strengths and weaknesses of the view you catch chosen to discussDoes the view provide a convincing ethical appraisal of the business practiceTable of contentsContent PageIntroduction 2Free Enterprise 2Liberalism 2Cultural liberalism 3Political liberalism 3Social liberal liberalism 3Economic liberalism . 4Strengths of frugal liberalism . 5Weaknesses of economic liberalism . 6Conclusion 6References 7IntroductionBefore we engage in this discussion , we need to define a few terms which may not be common knowledgeFree enterpriseVarious definitions invite been put forth as to the meaning of free enterprise business practice . Free enterprise fag be defined as an economic system in which agents are entitled to buck private property ownership , and base engage in commercial transactions like securing business contracts without state interference . A perusal into the Glossary of business terms equates free enterprise to securities industry economy and harvesting to define it as an economy that relies chiefly on grocery store forces (i .e . supply and demand ) to allocate goods and resources and to determine prices . We can then state confidently that free enterprise business practice is the granting immunity of private businesses to operate competitively in the market economy for profits without any government controlIdeally this definition should utilize but in almost cases there must continuously be minimal government interference due to numerous reasons that can t be wished away . For example the government has to get the market to ensure that the public is not exploited .

The consumers have to be protected from substandard goods and unnecessarily high prices that are sometimes generated by the marketLiberalismLiberalism refers to a wide range of gibe ideas and principles of government that consider individual liberty to be the most important political goal . There are divergent forms of liberalism like economic liberalism , cultural liberalism , political liberalism , social liberalism , button-down liberalism among others . These forms propose different policies , but they are generally linked by their support for a number of principles like the license of expression and association limitations on the personnel of the government , the regularise of law , the free exchange of ideas among other freedomsLet us carriage at some of these examplesCultural LiberalismIt focuses on the rights of individuals pertaining to their conscience and way of lifespan , including such issues as sexual freedom , religious freedom , cognitive freedom and protection from the government intrusion into private life . One is only justified to use power in the case of self-defence . John Stuart Mill once observed that the only purpose for which power can be rightfully exercised over any member of a fine-tune community , against his will , is to prevent harm to othersPolitical LiberalismThis is the belief that individuals are the basis of law and society and that...If you want to get a full essay, order it on our website: Ordercustompaper.com

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