merit+or+demerit
41Justice — Jus tice (j[u^]s t[i^]s), n. [F., fr. L. justitia, fr. justus just. See {Just}, a.] [1913 Webster] 1. The quality of being just; conformity to the principles of righteousness and rectitude in all things; strict performance of moral obligations;… …
42Justice of the peace — Justice Jus tice (j[u^]s t[i^]s), n. [F., fr. L. justitia, fr. justus just. See {Just}, a.] [1913 Webster] 1. The quality of being just; conformity to the principles of righteousness and rectitude in all things; strict performance of moral… …
43Nyaya — Part of a series on Hindu philosophy …
44Valerius Maximus — was a Latin writer and author of a collection of historical anecdotes. He flourished in the reign of Tiberius.Personal History of Valerius MaximusNothing is known of his personal history except that his family was poor and undistinguished, and… …
45Public good — For the egalitarian terms, see Common good and Public interest. In economics, a public good is a good that is nonrival and non excludable. Non rivalry means that consumption of the good by one individual does not reduce availability of the good… …
46Vaisheshika — Vaisheshika, or IAST|Vaiśeṣika, (Sanskrit:वैशॆषिक) is one of the six Hindu schools of philosophy (orthodox Vedic systems) of India. Historically, it has been closely associated with the Hindu school of logic, Nyaya. Vaisesika espouses a form of… …
47Inferior good — Good Y is a normal good since the amount purchased increases from Y1 to Y2 as the budget constraint shifts from BC1 to the higher income BC2. Good X is an inferior good since the amount bought decreases from X1 to X2 as income increases. In… …
48Normal good — In economics, normal goods are any goods for which demand increases when income increases and falls when income decreases but price remains constant, i.e. with a positive income elasticity of demand.[1][2] The term does not necessarily refer to… …
49The Theory of Moral Sentiments — was written by Adam Smith in 1759. It provided the ethical, philosophical, psychological and methodological underpinnings to Smith s later works, including The Wealth of Nations (1776), A Treatise on Public Opulence (1764) (first published in… …
50Good (economics) — Types of goods in economics. In economics, a good is something that is intended to satisfy some wants or needs of a consumer and thus has economic utility. It is normally used in the plural form goods to denote tangible commodities such as… …
