Answer:e. moral principles and values that govern the actions and decisions of an individual or group.
Explanation:
Ethics are those standards that are social acceptable by individual groups which guides their actions sometimes to ensure that those actions that they take are not hurtful or betrayal or damaging to themselves or to their surroundings which include people around them and the environment.
Every individuals have their own principles and values that they live by such as religious principles and values which guides how one interact with others and how they go by making decisions in their lives.
The event is known as Relational turning point.
Even though the standard may be subjective for each individuals, We can safely say that relational turning point marked different chapter of our life. For most people, first kiss marked the period of entering adolescent, the first job that we got marked the period of entering adulthood, etc.
I think your question if if they can "co-exist", correct?
They can and they have coexisted many times in the past, and even today. A monarchy with teocracy happens when there is a ruler (monarch ) who has an absolute or near-absolute power and claims to derive this power from God.
A historical example is ancient Egypt and a current example is Vatican City
Answer:
- Gains from trade
- Consumer Satisfaction
- Greater Efficiency
- Growth Opportunities
Explanation:
According to Investopedia, specialization is a method of production where an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency.
A country can specialize on the production of a particular commodity or service that is peculiar to their part of the world giving them the opportunity to become very efficient and have more opportunities for growth. Some of the benefits of specialization in a country include;
- Economies of scale/ greater efficiency: A country that is involved in specialized production will have very efficient production because the more focus they have on one task, the more efficient they become at this task which reduces the time and money involved in producing a good.
- Gains from trade: Two countries that both have comparative advantages on different products will benefits greatly if they continue in their specialized products and trade. For example country X produces fabric at a very cheap rate and country Y produces rice at a very cheap rate. It will cost country X a greater amount to start rice production than to just trade and get rice from country Y and vice versa. So both countries benefit from specializing and trading.
- Growth Opportunities: A country can gain access to the world market which allows them to grow bigger and in turn increase their efficiency.
- Consumer Satisfaction: Specialization means that cost of production is lower which makes the cost of goods relatively cheaper.
Answer:
Social responsibility
Explanation:
Social responsibility: The term social responsibility is referred to as an ethical framework that describes any entity including an individual or an organization is bounded or responsible to act or behave in a way that benefits a particular society at large. It is often considered as a duty that an individual requires to perform to maintain a balance or equilibrium between ecosystems and the economy.
Types of social responsibility: Direct philanthropic giving, economic responsibility, ethical business practices, and environmental sustainability initiatives.
