Examlex
With the growth of just-in-time practices, railroads have made large gains in the share of the nation's transport that they haul.
Utilitarian View
A perspective in ethics and philosophy that emphasizes the greatest happiness or utility for the greatest number as the primary consideration in decision making.
Equity
In finance, it refers to the value of an ownership interest in property, including shareholders' equity in a corporation. In economics, it often refers to fairness or justice in the distribution of wealth and resources.
Indifference Curves
Graphical representations used in economics to show combinations of two goods that provide a consumer with the same level of satisfaction.
Utility Possibilities Frontier
A graphical representation that shows the maximum amount of two goods that an economy can produce using all its resources efficiently, given the technology.
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