Explain the Relationship Between Equality of Opportunity and Equality of Outcomes

question 5

Essay

Explain the relationship between equality of opportunity and equality of outcomes, and explain how this differs from quotas.

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Definitions:

Merchant

A person who deals in goods of the kind or by his occupation holds himself out as having knowledge or skill peculiar to the practices or goods involved in the transaction, or a person who employs an intermediary who, by her occu- pation, holds herself out as having such knowledge or skill.

Sale

A transaction between two parties where the buyer receives goods, services, or property in exchange for money.

Lease

A contractual agreement where one party (the lessee) pays the other (the lessor) for use of an asset for a specified period.

Express Warranties

Explicit guarantees provided by a seller to a buyer, assuring certain standards of quality and reliability for a product.