What Does The Term Common Good Mean

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What Does The Term Common Good Mean

The common good has been defined as either the corporate good of a social group the aggregate of individual goods or the ensemble of conditions for individual goods

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In contemporary economic theory a common good is any good which is rivalrous yet non excludable while the common good by contrast arises in the subfield of welfare economics and refers to the outcome of a social welfare function

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In ordinary political discourse the common good refers to those facilities whether material cultural or institutional that the members of a community provide to all members in order to fulfill a relational obligation they all have to care for certain interests that they have in common

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The common good refers to achieving the best possible outcome for the largest number of people which is underpinned by decision making that is ethically and morally sound and varies by the context in which the decisions are made

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The common good has been defined as either the corporate good of a social group the aggregate of individual goods or the ensemble of conditions for individual goods

In contemporary economic theory a common good is any good which is rivalrous yet non excludable while the common good by contrast arises in the subfield of welfare economics and refers to the outcome of a social welfare function