Integrative Social Contracts Theory is a theory of business ethics originated by Thomas Donaldson and Thomas... 1  The Advantages of a Social Contract Theory.he goal of Integrative Social Contracts Theory is to provide a framework by which managerial and business decisions can be made with respect to their impact on relevant communities, ethical norms and possible universal moral standards.
Industrial economics is a distinctive branch of economics which deals with the economic problems of firms. and industries, and their relationship with society. In economic literature it is known by several names with. marginal differences such as âEconomics of Industriesâ, âIndustry and Tradeâ, âIndustrial Organization and. Policyâ, âCommerceâ and âBusiness Economicsâ etc.
An economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents. Understood in its broadest sense, 'The economy is defined as a social domain that emphasizes the practices, discourses, and material expressions associated with the production, use, and management of resources'. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two parties agree to the value or price of the trans