Examlex
Define ethics, and explain how the domain of ethics relates to law and free choice.
Morality
Pertains to the principles concerning the distinction between right and wrong or good and bad behavior.
Relative
A person connected to another or others by blood or marriage, or a concept that is considered in relation or proportion to something else.
Cost-benefit Analysis
A systematic approach to estimate the strengths and weaknesses of alternatives in terms of their costs and benefits, often used in decision making and project evaluations.
Economic Efficiency
The optimal allocation of resources to maximize the production of goods and services.
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