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Explain the Issue of Ethical Relativism in a Global Environment

question 76

Essay

Explain the issue of ethical relativism in a global environment.Give an example.


Definitions:

Current Consumption

The amount of goods and services consumed by individuals or households in the present period.

Marginal Utility

Additional contentment or usefulness achieved through the use of one more unit of a good or service.

Utility

In the field of economics, the complete pleasure derived from the consumption of a product or service.

Budget

A projection of revenues and expenses for a specified timeframe.

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