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Explain how an excess supply would lead to a decrease in prices in an unregulated market.
Rawls
A philosopher known for his theory of justice as fairness, emphasizing equal basic rights, liberty, and the distribution of social goods.
Principles of Justice
Fundamental ideals of fairness and equity that guide moral and legal reasoning.
Rational Mind
Denotes the aspect of human cognition that processes information logically, making reasoned judgments.
Rawls
denotes the philosophy of John Rawls, particularly emphasizing the principles of justice as fairness, which include the ideas of the original position and the veil of ignorance as methods to determine societal norms.
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