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Explain the major justifications for punishment.
Economic Theories
A collection of principles and models that explain how economies function, how economic agents interact, and how economic variables are determined.
Deduce
To derive as a logical conclusion from something known or assumed.
Observed Phenomena
Events or occurrences that have been noticed and recorded, often forming the basis for scientific study or theory development.
Job Security
The probability that an individual will retain their job over time without the risk of becoming unemployed.
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