1 The people in the Blue table have the item and are willing to sell it for the price listed.
Definition. An ethical philosophy in which the happiness of the greatest number of people in the society is considered the greatest good. According to this philosophy, an action is morally right if its consequences lead to happiness (absence of pain), and wrong if it ends in unhappiness (pain).
Or it can be understood as virtue theory, where the highest virtue is the arete of virtues (which can be called âtrue justiceâ). Or, it can be understood in terms of the Greatest Happiness theory, where the First Principle of moral philosophy in its âperfectâ form is the arete of moral principles.