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Cost-shifting [1] is an economic situation where one individual, group, or government underpays for a service, resulting in another individual, group, or government ...
When the individual is insured, the marginal cost curve shifts down to 0, leading to a new equilibrium at the yellow star. Consider a potential case of moral hazard in the health care market caused by the purchase of health insurance. Assume health care has constant marginal cost of $10 per unit and the individual's demand is given by Q = 20 ...
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
If you’ve ever been to a corporate social responsibility conference, you’ve undoubtedly heard the story of the three fire extinguishers. The way it goes is, an inspector was walking through a clothing factory in Bangladesh and noticed that it had three fire extinguishers on the wall, one right on top of the other.
Ethical consumerism (alternatively called ethical consumption, ethical purchasing, moral purchasing, ethical sourcing, or ethical shopping and also associated with sustainable and green consumerism) is a type of consumer activism based on the concept of dollar voting. [1]
Marketers have been among the fastest to perceive the market's preference for ethical companies, often moving faster to take advantage of this shift in consumer taste. This results in the expropriation of ethics itself as a selling point or a component of a corporate image.
In a Dec. 15 letter to Newsom, the Chamber claimed the new law would cost California consumers more than $300 per year, a number that he said came from the state's own economic analysis.
An ethical problem associated with the sub-discipline through discounting is that consumers value the present more than the future, which has implications for intergenerational justice. [41] Discounting in marginal cost-benefit analysis, which economists view as a predictor for human behaviour, [ 41 ] is limited concerning future risk and ...