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Preferred term

consent  

Definition

  • Consensual exchanges and contracts are the foundations of a free market; consent makes a free market free and is essential to any moral justification of the free market. For an act of consent to have ethical merit, it necessarily has certain characteristics: (a) both parties must be fully informed—they must know and understand what they are consenting to; (b) there must be no coercion of either party; and (c) there must be a clearly performed action that constitutes consent. [Source: Encyclopedia of Business Ethics and Society; Consent]

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https://concepts.sagepub.com/social-science/concept/consent

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