Chapter V: Conclusion

Question 1

is a term used to describe how trade and technology have made the world into a more connected and interdependent place.

Answer 1

Globalization

Question 2

also captures in its scope the economic and social changes that have come about as a result.

Answer 2

Globalization

Question 3

is the process of interaction and integration among people, companies, and governments worldwide

Answer 3

Globalization

Question 4

• a condition or system in which two or more states, groups, principles, sources of authority, etc.,coexist.
• the practice of holding more than one office or churchbeneficeat a time

Answer 4

Pluralism

Question 5

a situation in which people of different social classes, religions, races, etc., are together in a society but continue to have their different traditions and interests.

Answer 5

Pluralism

Question 6

is the diversity within a political body, which is seen to permit the peaceful coexistence of different interests, convictions, and lifestyles

Answer 6

Pluralism as a political philosophy

Question 7

a tendency to consider material
possessionsand physical comfort as more important than spiritual values

Answer 7

Materialism

Question 8

Definitions of materialism a desire for wealth and material possessions with little interest in ethical or spiritual matters.

Answer 8

Consumerism

Question 9

is a social and economic order in which the aspirations of many individuals include the acquisition of goods and services beyond those necessary for survival or traditional displays of status.

Answer 9

Consumerism

Question 10

refers to policies that emphasize consumption.

Answer 10

consumerism

Question 11

It is the consideration that the free choice of consumers should strongly orient the choice by manufacturers of what is produced and how, and therefore orient the economic organization of a society.

Answer 11

Consumerism

Question 12

What are the right thing to do?… Reason
Steps:

Answer 12

1. Identifying and setting up the Ethical Problem (What is the ethical problem?)
2. What are the relevant facts? (Include any potential economic, social, or political pressures.)
3. Who are the stakeholders? (who will be affected by the ethical decision to be made?)
4. What are the available options? (list down at least three or even more available options)
5. Determine the Most Appropriate Best Course of Action (we must now determine the best course of action – the moral thing to do)
6. Double-Checking one’s decision.