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Archive for the ‘Business’ Category

Ethics & Business

Monday, September 24, 2012 @ 09:09 AM
Dr Ioannis Syrigos

In my opinion, most of the problems that have brought economy to the state that it is now have to do with ethical issues.

One such example is when you sell a product or service to a value a lot more than its actual cost. You can do that either because you know that people will buy it or because you have a monopoly or just because you got the chance to do.

In the same way it is unethical to loan someone money that you know he won’t be able to repay you. Isn’t that a common pattern that has appeared frequently in the last decade?