"The Idea of Compensation Usually Means That the Plaintiff Is

question 66

Essay

"The idea of compensation usually means that the plaintiff is entitled to get back something that it previously enjoyed, but that it lost because of the defendant's bad conduct.Although they are considered compensatory, expectation damages do not work in exactly the same way." Explain the meaning of that statement.Provide a justification for awarding expectation damages to the victim of a breach of contract.

Appreciate the concepts of rule utilitarianism versus act utilitarianism.

Explore the concept of ethical accountability for artificial entities such as corporations.

Analyze the philosophical basis and implications of central ethical concepts like the categorical imperative, the stakeholder model, and the social contract theory.

Delve into the criticisms of various ethical theories including utilitarianism and Kant's philosophy.

---

Definitions:

Wheat Farmers

Individuals or entities engaged in the cultivation of wheat as a crop, playing a vital role in global food supply and commodities markets.

Price Takers

Price Takers are firms or individuals that accept the market price as given, with no influence over it, typically in markets with many sellers and buyers.

Economic Profits

The difference between a firm’s total revenue and its total costs, including both explicit and implicit costs, indicating the financial success beyond breaking even.

Profit-maximizing Firm

A business whose goal is to achieve the highest possible financial gain by adjusting production and pricing strategies based on market conditions.