Examlex
In his reply to Mark Reiff's Rawlsian argument, John Gaski asserts:
Of course all humans are not perfectly equal in talent, information, or effort. A liberal government endeavors to enact equality before the law, but countless sources of natural inequality are present in any society. As a result, this Rawls/Reiff hypothetical does not apply to the real world.
What do you make of this claim? Is it true that "this Rawls/Reiff hypothetical" doesn't apply to the real world? How important is actual equality to the point Reiff is making? And more generally, what should we do when there's tension between our ideals and empirical realities?
Penetration Pricing
A strategy where businesses set a low price for a new product or service to attract customers and gain market share quickly, intending to raise prices later.
Penetration Pricing
A marketing strategy where a company introduces a product at a low price to gain market share, then gradually increases the price.
Market Share
The portion of a market controlled by a particular company, product, or brand, typically expressed as a percentage of total sales in the industry.
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