Utilitarianism

question 36

Multiple Choice

Utilitarianism

• A) Was favored by Jeremy Bentham
• B) Was favored by John Rawls
• C) Is a process-oriented notion of equity
• D) Was favored by John Nash

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Definitions:

Entrepreneurship

Willingness to take risks to create and operate a business.

Innovation

The process of creating, developing, and implementing new products, processes, or ideas to improve efficiency, effectiveness, or competitive advantage.

Aging Population

refers to the demographic trend of an increasing average age in a population, often resulting in higher proportions of elderly people and various social and economic implications.

Stagnating Wages

The phenomenon where wages remain constant over time without significant increases, often leading to decreased purchasing power due to inflation.