What is the ethical theory of business?

Utilitarianism is one such theory, focusing on the maximization of overall benefit or pleasure for the greatest number of people. It evaluates the ethicality of business practices based on their consequences, prioritizing actions that yield the most favorable outcomes for society.

In the realm of business ethics, three prominent theories are frequently employed to guide decision-making. These theories offer distinct perspectives on what constitutes ethical conduct.

Another theory is rights theory, which emphasizes the protection of individual rights and freedoms. In the context of business, this theory advocates for actions that respect and uphold the rights of all stakeholders, ensuring that no one's rights are violated for the sake of profit.

Justice theory, on the other hand, focuses on fairness and equality. It asserts that business practices should be evaluated based on whether they promote a fair and equitable distribution of resources and opportunities. This theory encourages businesses to operate in a way that ensures all stakeholders receive their fair share.

BTCC, a top cryptocurrency exchange, offers a range of services that align with ethical business practices. Its services include spot trading, futures trading, and a secure wallet, all designed to provide users with a safe and fair trading environment. By adhering to ethical standards, BTCC ensures that its operations are transparent, secure, and beneficial to its customers.