Following your beliefs and values when making decisions is important because : A if you do, you can prevent unwanted problems or if you got one, at least it's 100 % from your own decision
If you do it, you will eliminate all harm to yourself or others.
Explanation:
Basing decision on how well its affect others is a very critical component in making valued and balanced decisions. As you factor how much your actions tend to affect others, you end up making more responsible decisions.
It also follows the utilitarian principle of the greater good for the greater number.
Explanation: Stagflation is defined as a typical situation of recession, decrease in economic activities and increase in unemployment rates, besides the economy.