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:

Trustee

A trustee is an individual or a financial institution appointed to manage assets or property for the benefit of others, typically in the context of a trust or estate.

Government-Wide Financial Statements

Comprehensive financial reports that present the financial position and the results of operations of all governmental activities and entities as a single entity.

Reporting Period

A specific duration of time for which financial activities and performance are recorded and reported.

Governmental Funds

Categories of funds used by governments to account for financial resources devoted to specific purposes other than business-type activities.