Examlex
Why is it important for academic disciplines and professional societies to follow codes of ethics?
Rawlsian Social Welfare Function
A concept based on John Rawls' theory of justice, prioritizing the well-being of the least advantaged members of society in the allocation of resources.
Utility
In economics, utility is a measure of the satisfaction or happiness that a consumer derives from consuming goods and services.
Mayor
An elected official who acts as the head of a city, town, or municipality, responsible for implementing and overseeing local government policies and functions.
Social Welfare
The well-being of a community in terms of health, prosperity, and happiness, often considered in economics and social policy decision-making.
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