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utilitarianism, a concept of utility was introduced, measuring the consequences of actions or things. The concept of utility has its … originates from the paradox of maruf (known good) and munkar (known evil). Therefore, the paradigm of utility theory in an … attempted to develop an understanding of utility within the context of Islamic political economy, however, varied views arose on …
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run, steady states can exist in models using non-CES utility functions, for example, quadratic linear, Stone-Geary and …
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