Economics | | |Sr. No. |Core Areas |Percentage | |1. |Micro-Economics |15% | |2. |Marco-Economics |15% | |3. |Econometrics
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Economics Answers Define the following terms: 1) Public goods are goods that when produced can be freely consumed by anyone‚ for example the justice system. They are made up of the following goods‚ non-exclusive and non-rival. Non-exclusive goods are goods that people cannot be excluded from consuming‚ it is difficult or impossible to charge for its use which implies no private market as benefits cannot be denied to those who refuse to pay‚ for example public TV. Non-rival goods or
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the concept of justice. In accordance with Rawls‚ I intend to argue that any changes in society that will increase the burden carried by the poorest 5% are unjust‚ even if these changes increase the average level of happiness for the other 95%. With regard to ethics‚ justice is defined as fairness‚ where all situations should be treated alike. For one to exhibit justice‚ one must portray the quality of being fair and reasonable in all situations. While egalitarians evaluate justice based on equality
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Economics and Managerial Economics Economics may be defined as a branch of knowledge dealing with allocation of scarce resources among competing ends. Managerial Economics may be defined as application of eco for problem solving at corporate level. Factors affecting Managerial decision Often only pure logic does not contribute to decision making Human Factor Human behavioral considerations often influences a manager into compromising or moderation a decision which would otherwise have made
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The conventional accounts of Justice normally begin by stating a fundamental rule of Aristotle – Justice is to treat equals equally and unequals unequally‚ and that unequal treatment should be in proportion to the inequality. In everyday life though‚ justice is seen as an attribute of law‚ while all laws are not necessarily just. Many great socio- political movements of the world have focused from time to time on unjust laws eg Apartheid laws in South Africa and Caste laws in India. Impartiality
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attempts to define justice. Being that Aristotle was a student of Plato‚ their ideas share many similarities. Both viewed justice as the harmonious interaction of people in a society. However‚ Plato defined his ideal of justice with more usage of metaphysics‚ invoking his Form of the Good‚ while Aristotle took a more practical approach‚ speaking in terms of money and balance. Although Aristotle’s ideal of justice may seem superior‚ upon further inspection‚ Plato’s ideal of justice is the stronger.
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Justice According to Plato and Aristotle Justice has always been an interesting topic for philosophers and also for ordinary people. Justice can be defined briefly as “the fairness in the way that people are treated” (Collins Cobuild‚ p. 910). Plato and Aristotle‚ two leading figures of ancient Greek civilization‚ were earliest philosophers who thought about justice and developed theories about the sublime aspects of being just. This assignment is an attempt to prove that pursuing a life of justice
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around the unknown concept of justice and throughout the book‚ attempts to illustrate what is justice with the soul-state analogy. This analogy presents Plato’s definition on justice by method of debate through a conversation between individuals to eliminate inconclusive premises‚ known as the Socratic method. Therefore‚ by assessing components of this analogy: myth of metals‚ tripartite of the human soul and different city-character pairs‚ it allows one to understand justice as a virtue for everyone
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Social justice is defined as justice exercised within a society‚ particularly as it is exercised by and among the various social classes of that society. A socially just society is defined by its advocates and practitioners as being based on the principles of equality and solidarity; this pedagogy also maintains that the socially just society both understands and values human rights‚ as well as recognizing the dignity of every human being.[1][2] The Constitution of the International Labour Organization affirms
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Crime and Justice: The Criminal Process - What Works? Submitted: August 6‚ 2013 Crime takes but a moment‚ but justice an eternity. - Unknown Crime is a complex social‚ economic and political problem. Crime refers to conduct in violation of the sanctioned laws of a state‚ the federal government‚ or a local jurisdiction for which there is no legally acceptable justification or excuse. There are several explanations put forward by criminologists for the problem of crime‚ and these influence
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