Ethical Economics
The term ethical and economics should never be put into the same sentance. They are almost oxymoronic in the sense that in order for one to succeed on an economic level, ethics are usually never involved. America as we have come to know it is a world full of mice and snakes. The mice are those in society who voluntarily choose to live off of the prosperous, as the snakes go out and get their prey. The capitalistic society we live in known as America is truly what we make of it. The standards and principles of America's capitalism are truly ethical and fair. One is reminded of the Darwinian theory of evolution that only the strong survive. Those who do not provide for themselves will be left to "die" in American society. The American economic society that we have come to know and love is truly fair and equal on all levels. Since the end of Feudalism, America has lived up to it's reputation as a Capitalistic society. The True Market System kick-started the freedom of possibilities of capitalism. The right to private property, choice, voluntary exchange, comptetition, and economic incentives are what we thrive toward
A wide disparity exists among people in the United States. Our free market economy provides us with the ability to prosper and soar above our competitors. Resources are privately owned which clears the way for voluntary exchange. The role of the government in America's Free Market economy is to help ensure that everything runs smoothly with minimal interference. The fair economic system that we live in provides for a wide disparity among the rich and the poor, which in turn provides for a better trade market among the customer and consumer. The circular flow model is a perfect example as to how the American economic system flows among different levels in society. Land, labor, and capital are equally distributed and fairly regualted among the Factor market, households, businesses, products, and the government. America's truly Capitalistic nature is thrown into question by the alarming difference between the have's and the have not's. The status quo in U.S. economics is quite off-balance, but no one is to blame for it. Darwin's theory of evolution again comes into play. Adaption in such a case as our financial imbalance is not an option. Poverty among single parents is steadily on the rise. However, the choices that they make like unprotected premarital sex are totally up to it's participants. 66.6% of poverty-stricken people
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Approximate Word count = 908
Approximate Pages = 4 (250 words per page double spaced)
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