Welcome to Task 1. The Task is an assignment to be completed by utilizing the course content (and any outside sources) pertaining to this Module. Work through the materials, do some research on your own, and complete the assignment.
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Write My Essay For MeCHAPTER 1:
1. Describe the concept of capitalism.
2. Describe the concept of communism.
3. Describe the concept of socialism. How does it differ from communism?
4. What is a “mixed economy”?
5. What is privatization?
CHAPTER 2:
6. Describe the ethical theory of teleology.
7. Describe the ethical theory of deontology.
8. Define business ethics. Why is it important in today’s business world?
9. Describe some of the forces that encourage unethical behavior in the workplace.
10. What is the general purpose of ethics codes in the workplace?
SAMPLE SOLUTION
Capitalism is usually explained as an economic system where private players own and control inputs and property in line with their preferences and interest, and demand and supply with no restrictions set market prices in a manner that serve society’s best interest. The primary trait of capitalism is usually the push to make an income (Li, 2017).
Communism is explained as an economic system where the government owns production factors, or rather, there is communal ownership of property. It is a political and economic doctrine that puts itself against liberal democracy and capitalism.
Socialism is explained as an economic structure where every individual in the…