Explain the Following Ethical Theories, Utilitarian Approach and Categorical Imperative

question 66

Essay

Explain the following ethical theories, utilitarian approach and categorical imperative.

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Definitions:

Antelope

A diverse group of typically horned, swift, and slender animals native to various regions in Africa and Eurasia.

Efficiency Wage

The theory that employers pay a higher wage than the market equilibrium to increase worker productivity and reduce turnover.

Labor

The effort by humans to produce goods or services in exchange for wages or salary.

Supply

The total amount of a product or service that is available to consumers, often influenced by price, production costs, and external factors.