Deontological and consequential approaches: Free market economy, poverty and income inequality & Pricing
Order Instructions
Assignment
Instructions
Question 1
There is growing concern about poverty and income inequality. These two concepts, however, are not the same. Income inequality deals with the percentage of income earned by the different income groups, while poverty is concerned with how difficult it is for the poor to meet basic needs. In Section 1.4, you read about deontological and consequential approaches to ethics.
Using those approaches, evaluate how well free market systems versus government intervention in markets address poverty and income inequality.
Include in your paper an explanation of how people in a free market economy, acting in their own self-interest, can better those around them.
Bring examples from your own experiences where your actions, though entirely self-motivated, resulted in a benefit to somebody else.
Question 2
You are introduced to the shutdown price, using elasticity to determine the effects of price changes, and cost-based pricing. Discuss the importance of considering elasticity in pricing decisions and the danger of relying solely on costs.
• No references or citations are necessary, unless used and must be in proper APA 7th formatting/citation where applicable.
• Each question should be 1 page in length.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
