Question

Adam Smith, in his 1776 book The Wealth of Nations, essentially argued that free enterprise, regardless of whether it is in the United States, Russia, or anywhere else in the world, encourages entrepreneurship because it permits an individual’s freedom to create and produce. Such a system makes it easier for entrepreneurs to acquire opportunity. Is this the same thing as saying that to be an entrepreneur is to be ethical? Why or why not?

Answer 1

According to this writing it cannot be said that being an entrepreneur is an insuring factor of being ethical. Being an entrepreneur does not really provide any specific tag of ethical business.
Most of the entrepreneurs are ethical as they struggle a lot and have to deal when the specific market situations and considered as ethical. Opportunity acquiring capability is always present in most of the entrepreneurs who are successful in their industry as it has enormous freedom to create and to produce.
Being ethical is necessity of any kind of job which is applicable in working at any industry. Mechanical provides a better support and understanding of the specific society which benefits and entrepreneur to grow their business prominently in the specific market segment. And we can see that an entrepreneur is to be ethical is not a true statement, ethical perspective of an entrepreneur is it directly a reflection of the specific industry in which he is working and his personality.