Examlex
In a market system, the primary instruments used to coordinate economic activity are
Morality
Standards that discern between ethical and unethical actions.
Beneficial Effects
Positive outcomes or advantages that result from a particular action or policy.
Ethical Action
Behavior guided by moral principles, aiming to promote good and avoid harm.
Principle of Utility
A fundamental concept in utilitarian ethics that suggests actions should be judged as right or wrong based on their outcomes, specifically their ability to produce the greatest happiness for the greatest number of people.
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