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This Approach, a Variant of Utilitarianism, Considers an Action to Be

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This approach, a variant of utilitarianism, considers an action to be ethically good if it will probably produce a greater balance of good over evil:


Definitions:

Units

Basic quantities or measures adopted to quantify and represent variables in quantitative analyses, such as units of measurement in physics or economic units in economics.

Profit-Maximizing

The process or strategy by which a firm determines the price and output level that returns the greatest profit.

Loss-Minimizing

A strategy aimed at reducing the negative impact or minimizing the losses in a business operation or an investment.

Quantity

The amount or number of a material or immaterial good or service.

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