Examlex
Which of the following is the best example of capital as a factor of production?
Greatest Good
A principle often associated with utilitarian ethics, emphasizing the action that results in the most benefit or happiness for the greatest number of people.
Cost-benefit Analysis
A systematic approach to estimate the strengths and weaknesses of alternatives, used to determine the best option in terms of benefits outweighing costs.
Duty-based Ethics
An ethical theory that emphasizes duties or moral rules as the basis for judging the ethicality of actions.
Corporate Social Responsibility
A business approach that involves participating in initiatives that benefit society, including ethical, environmental, and philanthropic efforts.
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