Examlex
When inputs are equally productive in all activities, marginal opportunity costs are constant.
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.
Public Good
A good that is non-excludable and non-rivalrous, meaning it can be consumed by many people without reducing its availability to others.
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