Examlex
Patients with COPD have a lower tolerance for exercise than do cardiac patients.
Marginal Utility
The extra pleasure or benefit gained by consuming one more unit of a product or service.
Utilitarian
A normative ethical theory that posits the best action is the one that maximizes utility, generally defined as maximizing happiness and reducing suffering.
Diminishing
A concept referring to the point at which the level of profits or benefits gained is less than the amount of money or energy invested.
Leaky Bucket
A metaphor for the inefficiency in income redistribution, where some resources are wasted or lost during the transfer process from the affluent to the needy.
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