write the meaning of legal justice and economic justice.
Answers
Answer:
Legal justice:
Legal justice is a scheme or system of law in which every person receives his/ her/its due from the system, including all rights, both natural and legal. One problem is that attorneys, judges and legislatures often get caught up more in procedure than in achieving justice for all.
Economic justice:
Economic justice is a component of social justice. It is a set of moral principles for building economic institutions, the ultimate goal of which is to create an opportunity for each person to create a sufficient material foundation upon which to have a dignified, productive, and creative life.
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An easy definition of legal justice is the restoration of fairness in the eyes of the law. In this case, the law is intended to be a common set of rules viewed as an objective measure of morality - wrongful actions are simply made illegal and punished based on the degree of injustice.
Justice in economics is a subcategory of welfare economics with models frequently representing the ethical-social requirements of a given theory, whether "in the large", as of a just social order, or "in the small", as in the equity of "how institutions distribute specific benefits and burdens".