UTP Categories Fall Under the __________ Specification

question 104

Short Answer

UTP categories fall under the __________ specification.

---

Definitions:

Moral Obligation

A duty which one owes, and which he ought to perform, but which he is not legally bound to fulfil.

Basic Necessities

Goods or services considered essential for maintaining a minimum standard of living, such as food, water, shelter, and healthcare.

Utilitarian Justice

A principle that advocates for actions that promote the greatest happiness or utility for the greatest number of people.

Decreasing Marginal Utility

The economic principle stating that as a person increases consumption of a product, there is a decline in the marginal utility that person derives from consuming each additional unit of that product.