Topic: Ethics and Human Interface: Essence, determinants and consequences of Ethics in-human actions; dimensions of ethics; ethics – in private and public relationships. Human Values – lessons from the lives and teachings of great leaders, reformers and administrators; role of Family society and educational institutions in inculcating values.
6. What is the difference between economic value and social value? Do you think Social values are more important than economic values? examine with suitable justifications. (250 words)
Reference: Ethics, Integrity and Aptitude by Lexicon Publications
Why the question:
The question is based on the theme of economic and social values and their importance to administrators.
Key Demand of the question:
Differentiate economic value and social value and explain how Social values are more important than economic values.
Directive:
Examine – When asked to ‘Examine’, we must look into the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications.
Structure of the answer:
Introduction:
Start by explaining what Social values and Economic values are.
Body:
Discussion should include the following:
What do you understand by social values and what are economic values? – Social values form an important part of the society, account for the stability of social order. The values such as fundamental rights, democracy, equality, rationality, patriotism, human dignity are examples.
Economic values mostly deal with values related to monetary conditions.
Then move on to explain why Social values are important than economic values?
Conclusion:
Conclude by reasserting importance of social values over economic values.
