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Iteru [2.4K]
3 years ago
13

Using the resources describing conscious capitalism and fair trade, how does fair trade support the philosophy and practices of

conscious capitalism? What are the challenges to implementation of fair trade in the developing world?
Business
1 answer:
Anna [14]3 years ago
7 0

Answer:

Conscious capitalism is a business mindset that has the goal of reconciling the profit motive of capitalism with social responsability. According to conscious capitalism, businesses should seek profits while at the same time benefiting society and the enviroment.

Fair trade is a form of trade that promotes the benefit of developing countries. Promoters of fair trade believe that exporters from developing countries should be paid more for their products, especially small exporters or business owners.

Fair trade is coherent with the principles of conscious capitalism because it promotes a profit-generating form of trade that can benefit both traders in the developed world and developing world.

There are many challenges to implementation of fair trade in developing countries. For starters, many developing countries are dictatorships or are very unsafe, and people are oppressed and have very little access to information and lack protection of their property rights.

In more functional developing countries, implementing fair trade has the typical difficulties of any less advanced nation: lack of information, lack of human and physical capital, among others.

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dsp73
He may be over qualified so they dont think he'll stay long, or he may have had past money problems meening he wouldnt be trust worthey anoth.

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4 0
3 years ago
Pizza, Inc. provides the following data:
sweet-ann [11.9K]

Answer:

a. 2.01 times

Explanation:

Asset Turnover Ratio = Net Sales / Average Total Assets

Asset Turnover Ratio = $510,000 / $253,500

Asset Turnover Ratio = 2.01 times

Asset Turnover Ratio > 1

Net Sales > Average Assets

5 0
4 years ago
Wealth creating transactions are more likely to occur a. ​With private property rights b. ​With contract enforcement c. Both a a
Marina86 [1]

Answer: C

Explanation:

Wealth is the gradual gathering of profits, assets or income over a period of time. It is the gradual increase in ones assets over a sustained period.

Wealth creating transactions can be found both in contract enforcement and private property rights. The prosperity and economic development of a country can be attributed to the respect accorded to its citizens property rights.

Property rights gives room for entrepreneurship which can eventually lead to wealth accumulation. Contract enforcement also generate wealth for individuals.

8 0
3 years ago
As companies shift from a product-centric focus to a customer-centric focus, a myth that almost all current customers are profit
Rina8888 [55]

Answer:

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5 0
4 years ago
In 2019, selected automobiles had an average cost of $12,000. the average cost of those same automobiles is now $13,200. what wa
maksim [4K]

The rate of increase for these automobiles between the two time periods is  10%

<h3>What is automobiles?</h3>

Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.

In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-

Increased rate = (current value -Initial value )/current value * 100

                         =( $13,200 -  $12,000)/  $12,000 *100

                          =$1200/ 12000 *100

                          = 10%

                           

Therefore, the rate of the increase for these automobile between 2 periods is 10%.

Learn more about increase rate here:

brainly.com/question/20820218

#SPJ1

5 0
2 years ago
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