ECON Southwestern Community College Greed vs Self Interest Discussion

User Generated

fuehr

Economics

Southwestern Community College

ECON

Question Description

I don’t know how to handle this Economics question and need guidance.

Watch the above video. Once you have done this post a response to each of the bullets below.

    • Based on how “Greed” is portrayed in the video do you believe it can provide benefits to society?
    • Give a personal example of something you do for your own best interest that also benefits others. Alternatively, give an example of something you have done that only harmed others. Are both “Greedy”? Do you see a difference between “Greed” and “Self-interest”?
    • Do you believe love and kindness would produce the same level of output in a society as “self-interest”? Why or why not?
    • Would you consider a business owner attempting to hire workers at a lower wage greedy? What about a worker attempting to get a higher wage from the employer?
    • By going to school and getting an education you are likely to significantly raise your income, do you believe such an increase in your income will take income away from others? If yes, than why would you do such a thing? If no, how can one person’s income go up without someone else’s going down?

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Explanation & Answer

Attached.

Running head: GREED VS. SELF-INTEREST

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Greed vs. Self-Interest

Student Name
Institution Affiliation
Course Name
Instructor
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GREED VS. SELF-INTEREST

2

From the video, how “Greed” is portrayed, it is clear that it can benefit society. It acts as a
form of motivation. As people need more gains, they work hard to get what they need. Greed
encourages people to push for more economic outcomes than they currently have by promoting
personal performance (Mz lz, 2012). For instance, in the market economy, just as portrayed in the
video, businesses and i...

JevgrePneebyy (1520)
University of Maryland

Anonymous
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