Question

In a capitalist economy, self-interest is the only option. Loyalty requires acting against your own self-interest....

In a capitalist economy, self-interest is the only option.

Loyalty requires acting against your own self-interest.

Organizations and people who are interested in profit cannot also be loyal.

The loyal person’s self-interest is linked to the organization’s interests.

Neither loyalty nor self-interest is appropriate for an employee

Homework Answers

Answer #1

All statements are false except for Statement 4.

Self-interest in important in capitalist economy. The principle of self-interest is the founder of economic growth. It acts as a catalyst in the process of production and innovation of new technologies.  But if it goes in the domain of "illegitimate self interest", it can also be the prime cause behind violence and corruption. Hence to benefit from the economic blessings of self interest, values and capitalism go hand in hand. If either is left without the other, the economy is doomed.

For a person to be loyal and still acting in self-interest, his loyalty should be linked to the organization's interest.

Correct Ans- D

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