John Stuart Mill Held That an Institution to Intervene in the Conduct

question 25

Short Answer

John Stuart Mill held that an institution to intervene in the conduct of an individual only when the intervention is needed to prevent harm to others. This is called the __________________.

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Definitions:

Invested Rate

The rate of return on an investment, reflecting the annual income earned on the investment expressed as a percentage of its original cost.

Invested Rate

Refers to the interest rate applied to an investment or the return rate achieved on invested capital.

Pay Off

To completely settle a debt or obligation, typically referring to the full repayment of a loan or financial liability.

Economic Value

The worth of a good or service determined by the benefits it provides to the consumer, often reflected in its price on the market.