A survey of combined index of ethical markets performance among selected countries (AHP-TOPSIS Integrated Model Approach)

The ethical markets are the place of supply and demand for goods and services that are standardized in social issues and take environmental concerns into account.The existence of these markets is essential for sustainable development. The objective of this paper is Determine the status of Iran among selected countries in the ethical market, using multi criteria decision making models. In this study by using of expert choice software, we used analytical Hierarchy process (AHP) method to weigh indices and for comparing combined indexes, Topsis method.According to theoretical foundation for creating of combined indexes, it has been used of; quality of life index, social capital index, good governance index, environmental performance index and human development index for the years 2014,2016  and 2018.the most significant result in  three- year survey show that China ranked first in 2014 and Iran ranked last year. In 2016, Japan ranked first and Iran ranked eighth in the upward trend and in 2018, Singapore ranked first and Iran ranked thirteen among the selected countries.