Examlex
Historical-cost-based accounting measures are usually inadequate for evaluating economic returns on new investments and, in some cases, create disincentives for expansion.
Exploitation
The difference between what workers are paid and the wealth they create for the owner.
Inequality
The unequal distribution of resources, rights, and opportunities among individuals or groups in a society.
Marx
Refers to Karl Marx, a 19th-century philosopher, economist, and social scientist whose work in economics laid the foundation for much of the current understanding of labor and its relation to capital.
Social Contract
The social contract is a theory in political philosophy suggesting that people live together in society in accordance with an agreement that establishes moral and political rules of behavior.
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