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PERSPECTIVES155SLJER Volume 3 Number 1, June 2015156IS ECONOMICS INDEPENDENT OF MORALITY?Danny AtapattuPERSPECTIVES Sri Lanka Journal of Economic Research Volume 3 (1) June 2015: 157166 Sri Lanka
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Understand the basic principles of economics, including supply and demand, opportunity cost, and market competition.
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Consider the ethical implications of economic decisions, taking into account the impact on society, the environment, and future generations.
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Use ethical frameworks, such as utilitarianism or deontology, to guide decision-making in economic contexts.
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Economics and morality refer to the relationship between economic practices and ethical considerations. It involves examining how economic decisions impact society and the moral implications of these decisions.
Entities and individuals involved in economic activities that may affect public welfare, including businesses, government organizations, and certain individuals, may be required to file reports on economics and morality.
To fill out economics and morality, individuals or entities must provide detailed information on their economic activities, including income sources, expenditures, and relevant ethical considerations in a prescribed format.
The purpose of economics and morality is to ensure that economic activities align with ethical standards, promote social welfare, and hold entities accountable for their economic decisions impacting society.
Information that must be reported includes financial data, ethical considerations of business practices, impacts on stakeholders, and compliance with relevant laws and regulations.
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