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Thomas Hobbes | Of the Natural Condition of Mankind as Concerning Their Felicity and Misery; Of the First and Second Natural Laws and of Contracts
Hobbes first discusses the state of war in which men live before a common power can bring them together in civil society. By virtue of the natural and fundamental laws of nature, peace and cooperation can be attained only when man is willing to renounce a right to benefit someone else. A contract is the mutual transferring of right. Only then can lawful and just civilization develop.
-Justice as well as injustice cannot be found without a ruling power because they
Production Possibilities Curve
A graph that shows the various combinations of outputs that an economy can produce, given resources and technology.
Basic Decisions
Fundamental choices or determinations made by individuals or organizations that dictate behavior and actions, often shaping future outcomes.
Economies
A system of production, distribution, and consumption of goods and services in an area or country.
Production Possibilities Curve
A graphical representation showing the maximum quantity of goods or services that can be produced with limited resources.
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