Economic Efficiency & Corrective Justice Theories

 

Explain the economic efficiency theory of tort liability and describe the reasoning behind this theory. Then, using the factory example in Section 5.3 of our digital book, show how the economic efficiency theory works to provide the factory owner with an incentive to avoid harm in the first place and therefore serves as a deterrent.
Explain the corrective justice theory of tort liability and describe the reasoning behind this theory. Then, using the factory example in Section 5.3 of our digital book, show how the corrective justice theory works to provide justice in the sense of “undoing the injury.”
Compare and contrast the economic efficiency and corrective justice theory by pointing to at least two key differences between the two approaches and point to the theory you find most persuasive, explaining your reasons why.
Did you describe in detail the economic efficiency theory of tort liability and relate it to the factory example?
Did you describe in detail the corrective justice theory of tort liability and relate it to the factory example?
Did you describe in detail at least two key differences between the economic efficiency theory and the corrective justice theory and explain which one you find most persuasive?
Did you cite your sources using in-text citations and match them up with references in APA format at the end of your paper?

 

Sample Solution

and expand their businesses or renovate their old homes and offices. They always need the service of furniture designer to architect their homes and offices. Furniture designing business has rapidly increased in a last two decades due to the boom in economic activities and development. People have now more awareness about the furniture designers and they are hiring their services in designing of their business or and houses. According to the home magazine, 46 percent of UK’s people plan to renovate their houses in next five years which is more than the previous five years when only 35 percent renovate their houses.In the interior design business unlike other businesses typically you don’t work whole day at offices whole day otherwise you mostly go-out of your offices in order to provide the services to the clients. Most of the sales activities are done at the customer’s home or offices and almost all the negotiation are done there. A furniture designer may be work for a small furniture manufacturing company or work for a large manufacturer or self-employed. The basic purpose of the furniture designer is to bring improvements and style in existing furniture or new furniture items.

Interior Designer

The American Society of Interior Designers defines interior designer is one who serves people in designing their homes or offices and professionally trained to provide people quality interior environment. Interior designer is qualified through some professional education from any institute, with their experience, research and examination. A furniture designer changes the living style of people via creativity and innovation in their physical environment. Furniture designer makes people life more comfortable, healthy and safe.

There are so many people who are not having any formal education of the furniture designing or experience but still call themselves as interior designer. An interior designer should have a professional degree and should be trained in some states and should pass the subject administered by the National council for interior design Qualification. Then that person can be titled as Interior Designer. If any person who works on the interior design wi

This question has been answered.

Get Answer
WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, Welcome to Compliant Papers.