Ethics

_essay .doc : Liberalism and Free Enterprise Business PracticeQUESTIONSCritically discuss one of the come upon estimable appraisals of the set free enterprise strain go for- Libertarianism , Liberalism Communitarianism or Marxism considered in the lectures for this unitWhat , in your judgement , ar the major strengths and weaknesses of the view you adjudge chosen to discussDoes the view provide a convincing ethical appraisal of the patronage practiceTable of contentsContent PageIntroduction 2Free Enterprise 2Liberalism 2Cultural liberalism 3Political liberalism 3Social liberal liberalism 3Economic liberalism . 4Strengths of scotch liberalism . 5Weaknesses of economic liberalism . 6Conclusion 6References 7IntroductionBefore we engage in this discussion , we need to define a few terms which may not be ballpark knowledgeFree enterpriseVarious definitions drive been put forth as to the meaning of free enterprise business practice . Free enterprise back be defined as an economic system in which agents atomic number 18 entitled to head-to-head property ownership , and house engage in commercial transactions like securing business contracts without state interference . A perusal into the Glossary of business terms equates free enterprise to trade economy and replication to define it as an economy that relies chiefly on commercialise forces (i .e . supply and demand ) to allocate goods and resources and to determine prices . We can whence state confidently that free enterprise business practice is the license of private businesses to operate competitively in the market economy for profits without any government controlIdeally this definition should have but in nigh cases there must unceasingly be minimal government interference due to many another(prenominal) reasons that can t be wished away . For example the government has to specify 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 correlated ideas and principles of government that consider individual liberty to be the most important political goal . There are opposite forms of liberalism like economic liberalism , cultural liberalism , political liberalism , social liberalism , unprogressive liberalism among others . These forms propose different policies , but they are generally joined by their support for a number of principles like the freedom of expression and association limitations on the tycoon of the government , the eclipse of law , the free exchange of ideas among other freedomsLet us realize at some of these examplesCultural LiberalismIt focuses on the rights of individuals pertaining to their conscience and way of heart , 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 formerly observed that the only purpose for which power can be rightfully exercised over any member of a polish 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: Orderessay

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