Examlex
If P represents the price of goods and services measured in money, then 1/P is the value of money measured in terms of goods and services.
Long-Term Good
The benefits or positive outcomes that are realized over an extended period.
Social Decision Schemes
Frameworks or rules that groups of individuals use to aggregate their preferences, views, or votes to reach a collective decision.
Unanimity
Complete agreement among all members or participants in a given situation or decision-making process.
Majority Wins
A decision-making rule where the option with the most support or votes from a group is chosen over others.
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