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Answer question below using at least 300 words using APA style and Cite and reference at least two reputable sources. 1. Research the concepts "public good" and "private good". From a business ethics...

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Answer question below using at least 300 words using APA style and Cite and reference at least two reputable sources.

1. Research the concepts "public good" and "private good". From a business ethics perspective, should corporations and society focus on the environment and healthcare as either "public goods" or as "private goods"? Use any of the ethical perspectives (Utilitarianism, Kant's Categorical Imperative, Rawl's Fairness as Justice, etc) to justify your position.

Answered Same Day Dec 22, 2021

Solution

Robert answered on Dec 22 2021
132 Votes
1

Running Head: PUBLIC GOODS AND PRIVATE GOODS
Public Goods and Private Goods, and Business Ethics
2

Public goods and private goods are the concepts of economics, which underline various
distinctive characteristics of the goods that are available to people around the world. Public
goods are those goods that are equally available to all. They are non-excludable and non-
ivalrous, which means that neither anyone is excluded from the use of these goods, nor their
usage by a few persons leads to reduction in their availability. Contrary to this, private goods are
those that require the user to pay a certain value for their usage. The person who pays for the
good becomes its owner. Not...
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