Examlex
What is the definition of the following term:
-Ockham's razor:
Welfare Programs
Government initiatives designed to provide financial aid and essential services to individuals and families in need, aiming to improve social well-being.
Marginal Utility
The additional satisfaction or utility gained from consuming one more unit of a good or service.
Utilitarianism
An ethical theory proposing that the best action is the one that maximizes happiness for the greatest number of people.
Veil Of Ignorance
A principle that one should design society's rules as if they do not know their own socioeconomic position, to ensure fairness.
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