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Activities, Settings and Measurements Accepted by All Firms in an Industry

question 23

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Activities, settings and measurements accepted by all firms in an industry are


Definitions:

Distributional Justice

The ethical consideration of how economic benefits and burdens should be distributed among different members of society.

Rawlsian Justice

A theory of justice that emphasizes fairness in the distribution of goods and opportunities, based on the work of philosopher John Rawls.

Social Contract

A theory in political philosophy that posits an implied agreement between the governed and the government, defining the rights and duties of each.

Rawlsian Justice

A philosophy of fairness in the distribution of wealth and opportunities, advocating for social and economic inequalities to be arranged so that they benefit the least advantaged members of society.

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