In this lesson I cover:
Environmental concerns and ethical issues as both opportunities and constraints for businesses:
- How business activity can impact on the environment, e.g. global warming
- The concept of externalities: possible external costs and external benefits of business decisions
- Sustainable development; how business activity can contribute to this
How and why business might respond to environmental pressures and opportunities: - e.g. pressure groups
- The role of legal controls over business activity affecting the environment, e.g. pollution controls
- Ethical issues a business might face: conflicts between profits and ethics
- How business might react and respond to ethical issues, e.g. child labour
I have included some key terms to remember for the exam.
Question at the end to help remember the main points of the lesson.
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