The idea that performances of perfectly competitive economies and other types of economies should be judged not on the basis of the outcomes they determine, but rather on the basis of the process by which those outcomes are determined is known as envy-free justice.

Question

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Envy-free justice is not related to the process by which outcomes are determined, but rather to the way goods and resources are distributed among individuals in a fair and equal manner.

The Idea That Performances of Perfectly Competitive Economies and Other