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relative abundance is the condition where the available quantities of useful goods with alternative uses are greater than the multiple, different human requirements. Economic theory views absolute and relative scarcity as distinct concepts and "...quick in emphasizing that it is relative scarcity that defines economics."
The slogan "Sa ikauunlad ng bayan, disiplina ang kailangan" (Filipino for "For the nation's progress, discipline is needed") [1] [2] was a political catchphrase created by the administration of Philippine President Ferdinand Marcos after his declaration of martial law, as a justification for his authoritarian rule and in an effort to promote the "new society". [3]
"Isang Bansa, Isang Diwa" was adopted on June 9, 1978 by virtue of Presidential Decree No. 1413, [4] a key element in Marcos's vision of building his "New Society".When the new motto was finally unveiled three days later on Independence Day during the 1978 State of the Nation Address, Marcos claimed that it was imperative for the nation to build a united though diverse political community.
A moral relativist who claims that you should act according to the laws in whatever country you are a citizen of, accepts all three claims: moral facts express propositions that can be true or false (you can see if a given action is against the law or not), some moral propositions are true (some actions abide by the laws in someone's country ...
In economics, an externality or external cost is an indirect cost or benefit [a] to an uninvolved third party that arises as an effect of another party's (or parties') activity.
Dignity is the right of a person to be valued and respected for their own sake, and to be treated ethically. In this context, it is of significance in morality, ethics, law and politics as an extension of the Enlightenment-era concepts of inherent, inalienable rights.
Hoarding in economics refers to the concept of purchasing and storing a large amount of a particular product, creating scarcity of that product, and ultimately driving the price of that product up. Commonly hoarded products include assets such as money, gold and public securities , [ 1 ] as well as vital goods such as fuel and medicine. [ 2 ]
Mental reservation (or mental equivocation) is an ethical theory and a doctrine in moral theology which recognizes the "lie of necessity", and holds that when there is a conflict between justice and telling the truth, it is justice that should prevail.