What Aspects of Morality Do Virtue Ethicists Accuse Other Ethical

question 10

Essay

What aspects of morality do virtue ethicists accuse other ethical theories of ignoring? How does virtue ethics address these aspects of morality? Does this make virtue ethics superior to other ethical theories? Defend your answer.

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Definitions:

LRATC

Long Run Average Total Cost, which represents the per-unit cost of production when all factors of production are variable, and scale of production can be adjusted.

Diseconomies of Scale

occur when a company or business grows so large that the costs per unit increase, causing efficiency to decrease.

Real Cost

The total cost of producing a good or service, including all resources consumed and opportunity costs, in contrast to its financial cost.

Law of Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other factors remain constant.