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Pojman claims that utilitarianism, despite facing several problems, has two positive features: it is easy to apply and is not overly demanding.
Inflation Rate
The percentage increase in the general level of prices for goods and services over a specific period, usually a year.
Real Interest Rate
The interest rate adjusted for inflation, representing the true cost of borrowing or the true yield on an investment.
Depreciating
Depreciating refers to the reduction in the value of an asset over time due to factors such as wear and tear or obsolescence.
Exports
Goods or services produced in one country and sold to customers in other countries, contributing to a nation's economy.
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