The hamlet of Smallville had one small store that provided all the basic necessities to the residents. The chain that owned the store decided to shut down the store as the hamlet was too small to allow the store to generate sufficient profits. The people of the town were upset and claimed that the damage that it caused them outweighed the harm caused to the chain by the reduced income. The store was closed. The store management applied the principle of _________ ethic to this decision.
The hamlet of Smallville had one small store that provided all the basic necessities to the residents. The chain that owned the store decided to shut down the store as the hamlet was too small to allow the store to generate sufficient profits. The people of the town were upset and claimed that the damage that it caused them outweighed the harm caused to the chain by the reduced income. The store was closed. The store management applied the principle of _________ ethic to this decision.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The hamlet of Smallville had one small store that provided all the basic necessities to the residents. The chain that owned the store decided to shut down the store as the hamlet was too small to allow the store to generate sufficient profits. The people of the town were upset and claimed that the damage that it caused them outweighed the harm caused to the chain by the reduced income. The store was closed. The store management applied the principle of _________ ethic to this decision.
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