Choose a Situation That May Be Rendered as Problematic from Development

question 72

Essay

Choose a situation that may be rendered as problematic from development ethics. Consider such situation from the three relevant philosophical traditions of development ethics. What differences can you highlight?

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Definitions:

Equilibrium Real GDP

The level of Gross Domestic Product where aggregate supply equals aggregate demand, adjusted for inflation.

Aggregate Supply Curve

A graphical representation showing the relationship between the total production of goods and services and the price level for those goods and services.

AS Curve

Short for Aggregate Supply Curve, it represents the total supply of goods and services that firms in an economy are willing to sell at a given price level.

Maximum Output Level

The highest level of output that a company can produce in a given period without increasing the input.