Team Mind Map on Business Ethics and Consumer Choice

Running head: Team mind map
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BUSINESS ETHICS
STUDENT'S NAME
COURSE
UNIVERSITY
DATE

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Review of the team mind map
SUMMARY
A market economy is a system where the production of goods and services is determined by
the forces of demand and supply for products and services. The aim of gaining a market
economy in India is to provide goods and services that satisfy the consumer choice which is
usually facilitated by the incentives such as subsidies to enhance purchasing ability. Market
economy also aims to be efficient in the provision of those goods and services to the consumers.
This results in inclusive growth in all the economic sectors in India. General increase is also
realized through the mobilization of resources which are: the natural resources, human resources
and the financial resources. Natural resources include: water, coal, oil etc. The inclusive growth
in the country has resulted in increased employment opportunities, poverty eradication etc.
Investment decisions in the struggle to gain a market economy is affected by the following
factors: the political stability state of the country, the tax rates on the products and the security
issues such as insecurity in most parts of India. According to Yin (2017), a mixed economic
approach through state planning and market price system in India has contributed to growth and
development.

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Team mind map