Associationism and Empiricism Are Two Main Philosophical Positions

question 34

Essay

Associationism and empiricism are two main philosophical positions. Pick the one you think best describes how humans come to know things and explain why you think this.

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Definitions:

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interests unintentionally benefit society as a whole.

Budgets

Financial plans detailing projected income and expenses over a specific period.

Public-sector Managers

Individuals responsible for directing, controlling, and overseeing entities in the government segment that provide public services.

Economically Efficient

A state in which resources are allocated in a way that maximizes the production of goods and services at the lowest cost, achieving optimal distribution of resources.