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According to Plato, What Is the Idea of Good? Why

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According to Plato, what is the Idea of Good? Why is it important?


Definitions:

Flood

An overflow of water that submerges land which is usually dry.

Insurance

A risk management tool that provides financial protection against potential losses in exchange for premium payments.

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into forms that can be used for transactions or investments.

Von Neumann-Morgenstern

A utility theorem that represents individuals' preferences over risky choices, and is foundational in expected utility theory.

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