What Is the Distinction Between Procedural Fairness and Substantive Fairness

question 32

Essay

What is the distinction between procedural fairness and substantive fairness?

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Definitions:

Price Level

A measure of the average prices of goods and services in an economy at a given time, indicating the cost of living or inflation rate.

Dividend Yield

An economic indicator demonstrating the ratio of a company's annual dividends to its stock price.

Constant Rate

A fixed rate that does not change over the specified period of time.

Expected Return

The average of a probability distribution of all possible returns that an investment might generate.