Question

socio economic issues essay

Answer 1

responsibility of business encompasses the economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time. It addresses social issues brought on by business, and allows business to be part of the solution. Enlightened self-interest: businesses must take actions to ensure long-term viability. Wards off future government intervention. It addresses issues by using business resources and expertise. It addresses issues by being proactive. The public support firms and markets. Ex) how many workers a firm hires or how many pizzas consumers buy in Kingman Macroeconomics: studies broader issues of the whole nation such as inflation, unemployment and national output (GDP) * Government uses monetary and fiscal policy to * Smooth out fluctuations in our business cycle * To help us get out of recession Economic theories and models * Shows complex relationships in a simple way * Do it through the use of graphs and equations *



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