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The Relationship Between Economics and Ethics
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What is the role of ethics in economic decision-making?
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A
Ethics should be one of several factors considered in economic decision-making.
💡 Explanation:
Ethics should be one of several factors considered in economic decision-making because economic decisions often have ethical implications. For example, a decision to close a factory may have negative ethical consequences for the workers who lose their jobs. However, economic efficiency may also be a relevant consideration in this decision.