Name: Manjula R.S.
Country: India

Year: 2026
Volume: Vol-16, issue-1, Year-2026 (JUNE special issue ) Special Issue: Ai, Ethics and Human Values : Shaping the Future of Higher Education
Page Number: 182-187
DOI: https://doi.org/10.5281/zenodo.21507623

ABSTRACT
Artificial Intelligence (AI) is increasingly transforming economic decision-making by enabling faster, data-driven, and highly predictive analyses across sectors such as finance, governance, and business management. Leveraging advancements in Machine Learning, Data Science, and Economics, AI systems enhance the efficiency and accuracy of decisions related to credit assessment, risk management, pricing, and resource allocation. This paper examines the growing role of AI in economic decision-making with a focus on three critical dimensions: ethical imperatives, responsible implementation, and societal impact.

The study highlights key ethical concerns, including algorithmic bias, lack of transparency, data privacy risks, and issues of accountability, which may undermine fairness and trust in AI-driven systems. It further emphasizes the importance of responsible AI adoption through regulatory frameworks, governance mechanisms, and human oversight to ensure alignment with ethic