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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Explain i11each of the following situations how market forces might give a business an incentive to act in a less discriminatory fashion.

a. A local flower delivery business run by a bigoted white owner notices that many of its local customers are black.

b. An assembly line has traditionally only hired men, but it is having a hard time hiring sufficiently qualified workers.

C. A biased owner of a firm that provides home health care services would like to pay lower wages to Hispanic workers than to other employees.

a)

To determine

To explain: the way in which the forces prevailing in the market might give a business a motivation for behaving in a less discriminatory manner in case where the local flower delivery business run by bigoted white owner discovers that it has maximum number of black customers.

Explanation

Any business has to sell its products. It has to cater to the local population and suit itself according to their tastes. Only a firm, who does not really care about its sales, can ignore its potential local customers. That is why any Western or USA company who wants to explore the vast population of China or India, cannot but present itself as a company loving the culture of these countries. Unless a company integrates with its target customers, nobody will buy its goods...

b)

To determine

To explain: the way in which the forces prevailing in the market might give a business a motivation for behaving in a less discriminatory manner in case where an assembly line is finding it difficult to hire sufficient amount of qualified workers, where it has traditionally hired only me.

c)

To determine

To explain: the way in which the forces prevailing in the market might give a business a motivation for behaving in a less discriminatory manner in case where the owner of a home health care services resort to biasness by paying lower wages to Hispanic workers as compared to other employees.

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