ASSIGNMENT OF BUSINESS ETHICS

INSTRUCTOR: SAADIA SYED ALI

COURSE CODE: M-18218
TOPIC: Moral Questions Related to Economic Growth

Q) Is economic growth really worth it?

A) The speaker expresses a positive view of free market capitalism and argues that it is not only
economically superior but also morally superior to other ways of organizing economic behavior. The
speaker highlights several points in support of the free market, emphasizing voluntary transactions, the
idea that money earned is a certificate of performance for serving others, and the notion that the free
market is a positive-sum game where both parties benefit.

Economic growth can bring about numerous benefits, such as improved living standards, increased
employment opportunities, technological advancements, and poverty reduction. However, it also raises
concerns about environmental sustainability, income inequality, and the depletion of natural resources.
The perspective on whether economic growth is worth it often depends on one's values, priorities, and
the specific context. Some argue for sustainable and inclusive growth that considers social and
environmental factors, while others emphasize the importance of rapid economic development.

It's crucial to consider the overall well-being of society, environmental impact, and distribution of
benefits when evaluating the worthiness of economic growth. Different individuals, communities, and
policymakers may have varying views on this complex issue.