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An elaborate example of this in a non-market society is the potlatch, where large amounts of personal resources are ceremonially given away to others in the community according to social status, with the tacit expectation that other members of the community would themselves give away large amounts of their own property in the future.
Distributive justice concerns the socially just allocation of resources, goods, opportunity in a society. It is concerned with how to allocate resources fairly among members of a society, taking into account factors such as wealth, income, and social status.
[19]: p. 105 The price system, or market prices, are one way to allocate scarce resources. "If a society coordinates economic plans on the basis of willingness to pay money, members of that society will [strive to compete] to make money" [19]: p. 105 If other criteria are used, we would expect to see competition in terms of those other criteria.
While the area of reentry program development is still growing, assessments demonstrate their efficacy for transitioning ex-offenders back into society and reducing recidivism. The potential for well-resourced reentry program has yet to be realized, but public policy and criminal justice scholars believe this to be a deserving area for funding ...
In such an economy, the means of production are owned by society itself and are utilized in a planned fashion. A planned economy, which adjusts production to the needs of the community, would distribute the work to be done among all those able to work and would guarantee a livelihood to every man, woman, and child.
Whole-of-society, or Whole of society, is a concept in international relations and related fields which looks to engage diverse groups across society to further common policy goals. Definition [ edit ]
The United States Food and Drugs Administration is warning pet owners about a common medication given to pets to treat arthritis. The F.D.A. now says that the drug Librela may be associated with ...
Allocative efficiency is a state of the economy in which production is aligned with the preferences of consumers and producers; in particular, the set of outputs is chosen so as to maximize the social welfare of society. [1] This is achieved if every produced good or service has a marginal benefit equal to the marginal cost of production.