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Some Key Terms

Changes!

Social responsibility 69

Social responsibility is an ethical framework and suggests that an individual has an
obligation to work and cooperate with other individuals and organizations for the benefit

of society at large.

Social responsibility is a duty every individual has to perform so as to maintain a balance
between the economy and the ecosystems. A trade-off may exist between economic

development, in the material sense, and the welfare of the society and environment,
though this has been challenged by many reports over the past decade

"Social Responsibility."
Wikipedia

State Owned Enterprise 70

A state-owned enterprise (SOE) or government-owned enterprise (GOE) is a business

enterprise where the government or state has significant control through full, majority, or
significant minority ownership

"State-Owned Enterprise."
Wikipedia

State Capitalism 71

State capitalism is an economic system in which the state undertakes business and
commercial economic activity (i.e., for-profit) and where the means of production are
organized and managed as state-owned enterprises (including the processes of capital

accumulation, centralized management and wage labor), or where there is otherwise a
dominance of corporatized government agencies (agencies organized along business-

management practices) or of public companies such as publicly listed corporations in
which the state has controlling shares.

"State Capitalism."
Wikipedia
Syncretism 72

Syncretism is the combining of different beliefs, while blending practices of various
schools of thought. Syncretism involves the merging or assimilation of several originally
discrete traditions, especially in the theology and mythology of religion, thus asserting an

underlying unity and allowing for an inclusive approach to other faiths.

"Syncretism."
Wikipedia