In return for converting resources efficiently into needed goods and services,society gives corporations the authority to take necessary actions and permits a profit.This agreement derives from:
A) natural law.
B) positive law.
C) libertarianism.
D) social contract.

Question

Quizplus · Accepted Answer

The concept of society giving corporations the authority to operate and make profits in exchange for providing goods and services efficiently and effectively is rooted in the social contract theory. According to this theory, individuals voluntarily give up some of their freedoms and rights to a governing entity in exchange for protection and security. Similarly, corporations are granted certain privileges and powers by society in exchange for their contribution to the greater good.

In Return for Converting Resources Efficiently into Needed Goods and Services,society