Examlex
Act-utilitarianism fails Criterion 2 (consistency with our moral experience).
Distribution of Income
The way in which a nation’s total income is spread among its population, affecting economic stability and growth.
Consumer Sovereignty
The theory that consumer preferences determine the production of goods and services in an economy.
Willingness to Pay
The maximum amount an individual is ready to spend for a good or service, reflecting its perceived value.
Ability to Pay
A principle suggesting that the amount of tax an individual or entity should pay is based on the level of their economic resources or income.
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