The idea that businesspeople should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences is known as:

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The idea described in the question is known as social responsibility. Social responsibility is the idea that businesses should consider the impact of their decisions on society and engage in actions that have both economic and social benefits. This includes taking into account ethical, cultural, and environmental issues, and aligning business practices with societal values.

The Idea That Businesspeople Should Consider the Social Consequences of Economic