Restate Locke's Criteria for the Just Possession of Property in Your

question 21

Essay

Restate Locke's criteria for the just possession of property in your own words. Then see if you can identify any ways in which contemporary affluent societies fail to meet these criteria in their standard practices of labor, accumulation, and consumption. Explain why they fail to meet Locke's moral standard for property.

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Definitions:

Tariff

A tax imposed by a government on imports or exports of goods, often used to protect domestic industries or generate revenue.

Quantity of Imports

The total amount of goods and services brought into a country from abroad for domestic consumption.

Equilibrium

A condition where the supply and demand in the market are in equilibrium, leading to stable pricing.

Economies of Scale

Economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.