The corporation Essay Example | Topics and Well Written Essays - 750 words

The corporation - Essay Example Furthermore, these facts and features of our economic and social development can support global economic and natural crisis which will be rather difficult to overcome. This paper will discuss such issues as economic growth problems, business ethics, consumerism, social and cultural critique, real consumer needs, social consequences of new technological opportunities, better distribution of resources, and some others. 2. Contemporary industry uses different methods to generate interest and reliance on various products, but these methods and strategies are not always supported by business ethics. These methods are: spam, infiltration, stealth marketing, incorrect information and many others. These methods fail business ethics and brake people's trust to corporations which make all possible efforts to promote their goods. Corporations should also take into account real needs of consumers. There are many goods which are not necessary for consumers to have them, such as glass ceilings and some others. Such consumer goods usually need great amount of natural resources and energy to produce them, and sometimes corporations waste these resources just to satisfy consumers' needs, and the consuming excess is clearly visible while natural resources are diminishing. ... We are taught as soon as we are old enough to comprehend images on TV that wanting things and buying things is good and healthy" (Capitalism, Consumerism, and Corporate Greed). Government attempts to resolve global economical and social problems have no positive effects. The misuse of government contracts for political and corporate gain supports deep consuming and social crisis which affect all sides of our life. Science and technology tries to resolve actual problems of our society. Science is rapidly developing, and such scientific innovations as findings of new sources of energy, nanotechnology, plastic surgery possibilities, new approaches to diagnostics and recovery and some others can bring benefit to our society. So, technological innovations can even save lives in extreme situations. But many scientific findings are of ambiguous effect, such as cloning, nuclear findings and different explorations in many areas of science, and it needs to use scientific achievements attentive ly and correctly. Incorrect and unethical use of technological innovations can result numerous global social problems, and they already can be visible in our society - people became more dependent on technological innovations. Global warming, many kinds of animals and plants petering are some of the most dangerous effects of technological progress abusing. There are still a lot of problems concerning our scientific knowledge, their influence on the environment and psychological aspects of our attitude to the environment and to ourselves, but it is obviously that new technologies can bring some kinds of benefit in case of safe and ethical use of these technologies. People gave up on materialism and look for new approaches for better distribution of resources. Materialism means

To what extent do you agree with free market economies being more Essay - 2

To what extent do you agree with free market economies being more effective than a mixed economy - Essay Example they are free to decide on what to produce and purchase in the market respectively. In the free market economy, also known as the laissez-faire economy, the producers decide on what to produce as per the market demand and prices. In the latter, the government plays a very limited role in terms of deciding what is to be produced. In this case, the government has little or no command to direct on what goods and/or services are to be produced. However, in a command economy, the government has high command and control over dictating what types of goods and services are to be produced for the market, and the amounts to be produced. On the other hand, the mixed economy is likely to be characterised by conflict since the economy is controlled by both the market forces and the government in terms of determining the types of goods and services to be produced. The mixed market economy is based on decision making by individuals and businesses for the private sector, and government decisions and regulation for the public sector (Anderton, 2012). Free market economies are likely to be more effective due to the dynamics in the market decision making, i.e. the consumers dictate what is to be produced in terms of consumption demand in goods and services. The producers will choose the best cost-effective method of production for higher profit, and firms produce goods and services in terms of consumer demands and tastes, i.e. they produce goods and services which consumers are willing and able to purchase. The free market is effective due to the existence of healthy competition that allows for opportunities for profit making for firms and businesses, and at the same time ensures consumer satisfaction. The free market responds quickly to consumer demands, where goods and services are produced and delivered with due regard to demand. The mixed economy is likely to be characterised by conflict due to override of authority, by either the government or individuals and businesses, in the determination of the allocation of goods and services. In the mixed economy, the government influences the market through taxation rates and setting laws to regulate the market economy. Additionally, the government provides basic services for communities, such as healthcare, education and policing, and hence hinders the investment in these sectors by individuals in the private sector. However, the government plays a critical role in regulating business and market standards for the facilitation of healthy competition in the private sector and consumer satisfaction. The government is also effective in controlling the consumption of harmful goods through illegality declaration or high taxing (Gillespie, 2012). In the mixed economy, the government easily influences the aggregate market demand in its attempts to manipulate its budget deficits or surplus, known as the fiscal policy, for the realisation of economic goals (Rodrik, 2011). The free market economy is more effective, for it creates opportunities for innovation and welfare improvement in both the individual and public interests, where individuals are allowed to make independent decisions that affect their own wellbeing (Rodrik, 2011). Individual consumers have the capability to make institutional arrangements for the enhancement of suitable interaction