Andrew Whitbeck collects overdue accounts for a large credit card company. He has access to records of all transactions for any customer. Andrew sometimes looks up the records of famous people. He checks to see where they use their credit cards and how much money they spend. He sometimes tells his friends about the buying habits of entertainers and politicians. 1. Is the action illegal?

2. Does the action violate company or professional standards?

3. Who is affected, and how, by the action?

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?