Question

The belief in the rightness of an institution, in this case the appropriateness of our business system to supply the goods and services wanted by Canadian society, is called ________.

Answer 1

The belief in the rightness of an institution, in this case the appropriateness of our business system to supply the goods and services wanted by Canadian society, is called legitimacy.

Step-by-step explanation:

The belief in the rightness of an institution, in this case the appropriateness of our business system to supply the goods and services wanted by Canadian society, is called legitimacy.

Legitimacy refers to the public belief that an institution or governing body has the right to rule because they were chosen by the people directly or indirectly. It is the perception that the institution's authority and actions are valid and acceptable.

For example, in a democratic society, the legitimacy of the government comes from the support and trust of the people, as they elect their representatives. When the citizens believe that the government is serving their interests and upholding democratic values, they perceive the government as legitimate.