Principle-based ethics Essay Example | Topics and Well Written Essays - 750 words

Principle-based ethics - Essay ExampleAccording to the deontological principle, one ought to do an performance that upholds his/her moral obligation without what the other mass consider appropriate (Shaw, 2008). America is a capitalistic sound out whose economy is guarded by the laws of take aim and supply, which determine the price of commodities in the merchandise (Futrelle, 2012). From a deontological perspective, market forces can suddenly increase demand of commodities without a corresponding increase in supply implying that people atomic number 18 demanding more than the market supply. Thus, this implies prices of commodities will automatically rise because of other factors other than those affecting demand and supply (Shaw, 2008).Thus, merchants often base their argument on this nonion by arguing that they do not cause price gouging but the piazza arises from the forces of demand and supply. Conversely, the principle of justice agitates for fairness to all snarly enti ties in price gouging situations. It is widely known that if demand is more than supply, the prices of commodities will increase steadily to homecoming the deficit in the market. For this reason, merchants with sufficient stock during this particular time, can leverage from the situation since it is a idealistic case that may never happen again. Thus, according to this principle, it is fair for them to be allowed to benefit from the economic situation since it is not their making but because of market forces (Wicks, 2010).On the other hand, there are ethical principles that are against the act of price gouging because they consider such acts as selfishness that are only meant to benefit a hardly a(prenominal) individuals at the opportunity cost of others (Bredeson, 2012). For instance, the principle of beneficence states that, whenever you are doing anything, the ratio of good should always destroy the quota of evil not only to ones self but also to the entire world. Therefore, in the case of this particular situation,