Define the moral philosophy of utilitarianism and explain its relationship to capitalism.
What will be an ideal response?
Utilitarianism is a personal moral philosophy that focuses on the greatest good for the greatest number by assessing the costs and benefits of the consequences of ethical behavior. If the benefits exceed the costs, then the behavior is ethical. If not, then the behavior is unethical. This philosophy underlies the economic tenets of capitalism and is embraced by many business executives and students.
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