What Is the "Expectations Gap

question 70

Essay

What is the "expectations gap"?

Understand the basic principles of utilitarianism and the distinction between act and rule utilitarianism.

Grasp the key concepts of feminist ethics, virtue ethics, and their critiques.

Recognize the significance of the capabilities approach as advocated by Martha Nussbaum.

Comprehend the principle of utility and its criticisms, including the potential for justifying harm for greater good.

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Definitions:

Readily Used

implies resources or items that are easily accessible and can be immediately employed for a specific purpose or need.

Great Recession

A severe global economic downturn that began in 2007 and lasted until 2009, marked by high unemployment and significant financial instability.

Opportunity Cost

The concept of opportunity cost represents the benefits a person or business misses out on when choosing one alternative over another.

Speculative Motive

The desire to hold cash or assets in anticipation of making gains based on future price movements.