value consistency in economics
Value consistency in economics refers to the principle that individuals, businesses, and governments should make rational economic decisions based on a consistent set of values, principles, and beliefs, in order to ensure fairness and efficiency in the allocation of resources and the functioning of markets.
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Related Concepts (1)
Similar Concepts
- consistency
- ethical value consistency
- value coherence
- value consensus
- value consistency across generations
- value consistency in decision making
- value consistency in education
- value consistency in environmental sustainability
- value consistency in healthcare
- value consistency in politics
- value consistency in relationships
- value consistency in religion
- value consistency in social justice
- value consistency in the legal system
- value stability