Examlex
Alveolates typically
Economic Questions
Fundamental inquiries regarding the allocation of scarce resources, including what, how, and for whom to produce.
Utilitarian Justice
A principle that seeks the greatest good for the greatest number of people in the distribution of resources and benefits.
Decreasing Marginal Utility
The phenomenon where each additional unit of a good or service consumed provides less satisfaction or utility than the previous unit.
Redistribution
The transfer of income, wealth, or property from some individuals to others through a social mechanism such as taxation, welfare, public services, etc.
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