Describe the relationship between discretion and fairness, economics homework help

User Generated

XrivaFnintr

Economics

Description

Describe the relationship between discretion and fairness. Why are the two terms similar or different in the context of agency actions?

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

hey find the complete answer attached below. looking forward to working with you againgood day

SURNAME 1

Name:
Institution:
Course:
Date:
Discretion and Fairness
Discretion refers to “science or understanding to distinguish between falseness and truth,
between right and wrong, between shadow and material, between fairness and colorable shines,
not to do according to the will and private affection. And this is done according to the guidance
provided by the law, not according to the judges or public official’s own personal view, not
according to humor (Lee, & Overton, 2004). Fairness on the other hand refers to justice without
partiality and can be defined as not using deception or indulging in fraudulent activities in
exchange of goods and services. In general one can describe fair as “I give you as much...


Anonymous
Just what I was looking for! Super helpful.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags