Black market or underground economy is the term used to describe the clandestine and illegal sale of goods, products or services, violating the pricing or rationing imposed by the government or companies.
The phenomenon of the black market arises in times of crisis or periods of government control of the economy, usually when the scarcity of basic goods forces governments to impose price controls or rationing of goods.
Answer:
We can then infer that the black market is regulated by the government of the country to which it belongs.
<span>Prior to the standard gauge track, railroad travel was much more arduous and painstaking. There were originally several types of gauges used on a railway track. This caused long train trips to require multiple stops in order to change train cars. With the standard gauge track on trains in the 1800s, multiple changes were no longer necessary and so the trips were shorter.</span>
A code that generally prescribes standards of conduct states principles expressing responsibilities and defines the roles and duties of the professionals to whom they apply
<h3>What is standards of conduct ?</h3>
Standards of conduct can be regarded as the principles that list the responsibility as well as duties of individual in the society.
Therefore, conduct states principles expressing responsibilities and defines the roles.
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Answer and explanation:
Normative ethics is a branch of ethics that reflects on what is morally right and what is wrong. It is through that reflection that principles for human behavior are established.
- <em>"Normative ethics, that part of moral philosophy, or ethics, concerned with criteria of what is morally right and wrong". (Quoted from Britannica, link is the following: https://www.britannica.com/topic/normative-ethics)</em>
In the other hand, metha-ethics is a branch of ethics that studies metaphysical concepts regarding morality and with special emphasis if these moral values are independent of humans.
- <em>"Metaethics is a branch of analytic philosophy that explores the status, foundations, and scope of moral values, properties, and words". (Quoted from Internet Encyclopedia of Philosophy, link is the following: https://www.iep.utm.edu/metaethi/) </em>
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The main difference between these two branches of philosophy/ethics is that normative ethics main focus is the morality on a certain action, whereas metaethics focus is morality itself.
