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A consumer good or "final good" is any item that is ultimately consumed, rather than used in the production of another good. For example, a microwave oven or a bicycle that is sold to a consumer is a final good or consumer good, but the components that are sold to be used in those goods are intermediate goods.
For example, an automobile is a consumer good when purchased as a private car. Dump trucks used in manufacturing or construction are capital goods because companies use them to build things like roads, dams, buildings, and bridges. In the same way, a chocolate bar is a consumer good, but the machines that produce the candy are capital goods.
Frankfurt's examples are significant because they suggest an alternative way to defend the compatibility of moral responsibility and determinism, in particular by rejecting the first premise of the argument. According to this view, responsibility is compatible with determinism because responsibility does not require the freedom to do otherwise.
The work is based upon the 6 minute and 30-second section in the film The Wizard of Oz, from the moment the viewer sees the tornado until Dorothy meets Glinda the Good Witch. This work extends a moment of transformative transition (Dorothy's journey to Oz) to envelop what the artist believes is the entire time of her experience.
In previous centuries, letter writing was a significant form of communication. Letters were normally kept private between the sender and recipient. Consequently, an open letter, usually published in a newspaper or magazine, was a then-rare opportunity for the general public to see what a public figure was saying to another public figure. [4]
Public goods give such a person an incentive to be a free rider. For example, consider national defence, a standard example of a pure public good. Suppose Homo economicus thinks about exerting some extra effort to defend the nation. The benefits to the individual of this effort would be very low, since the benefits would be distributed among ...
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