Question: this question relates to the assigned reading and course materials...
This question relates to the assigned reading and course materials for Week 3 (Reading: William Shaw et al. (2009). ‘The nature of capitalism’)
(a) Clearly and fully explain why “the profit motive” is such an essential feature of a capitalist economic system.
(b) Clearly and fully explain how the profit motive might sometimes lead business organisations to act in unethical ways. Illustrate your answer with a relevant example of business behaviour.