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One of the concerns raised by critics of social contract theory is that vulnerable individuals, such as the severely disabled, the very poor, nonhuman animals, children, and infants, have no moral status and no rights according to the theory.
Consumption Sector
Part of the economy that involves the purchase of goods and services by individuals and households.
Real Interest Rate
The interest rate adjusted for inflation, reflecting the true cost of borrowing or the true yield on an investment.
Nominal Rate
The interest rate before adjustments for inflation, as opposed to the real rate, which is adjusted for the effects of inflation.
Expected Rate
The anticipated yield or return on an investment during a specific period, often estimated based on historical data and future projections.
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