Economics and Ethics

That there exist intersections between economics and ethics cannot be passed over in silence. They are usually discussed under the heading of economics and ethics, normative economics or welfare economics. There is a tense relationship between both, such as in income distribution, property rights, taxation, minimum wages, global poverty and so forth above all takes place because of their own interests. Economics is all about making the right choices for the economy and ethics is about knowing what is right and wrong. Having your own knowledge in ethics, you can wisely choose a decision for the economy.

In our illustration, we represented the countrys economy as a little plant. For it to grow, it needed right decisions, which is represented by the fertilizer and the proper use of environmental resources and technology. There are also hands which help each other in carrying the fertilizer, or the righteous decisions. This means that if only the Filipinos chose to unite for a better goal instead of complaining, we will be more than a step closer to success.

Meanwhile, there is the other side of the plant which represents what will happen to the economy with poor and bad decisions. If the politicians chose to steal money from the people rather than leading them to more liberty in the long term, it will worsen the economy. The word oversupply can also be seen in the illustration as well as the hands of the Filipinos crying for help.

Camus, Alyssa Denise B.|G-03Honrade, Agatha Diane M.|G-11