- compensation principle
- theory that an economic policy is desirable if it is beneficial to some of the population and enables compensation for damages that result
English contemporary dictionary. 2014.
compensation principle
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Compensation principle — In welfare economics, the compensation principle refers to a decision rule used to select between pairs of alternative feasible social states. One of these states is the hypothetical point of departure ( the original state ). According to the… … Wikipedia
Compensation — • Denotes the price paid for human exertion or labour Catholic Encyclopedia. Kevin Knight. 2006. Compensation Compensation † … Catholic encyclopedia
Compensation — Com pen*sa tion, n. [L. compensatio a weighing, a balancing of accounts.] 1. The act or principle of compensating. Emerson. [1913 Webster] 2. That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of … The Collaborative International Dictionary of English
Compensation balance — Compensation Com pen*sa tion, n. [L. compensatio a weighing, a balancing of accounts.] 1. The act or principle of compensating. Emerson. [1913 Webster] 2. That which constitutes, or is regarded as, an equivalent; that which makes good the lack or … The Collaborative International Dictionary of English
Compensation pendulum — Compensation Com pen*sa tion, n. [L. compensatio a weighing, a balancing of accounts.] 1. The act or principle of compensating. Emerson. [1913 Webster] 2. That which constitutes, or is regarded as, an equivalent; that which makes good the lack or … The Collaborative International Dictionary of English
compensation recovery — the clawback by a government agency of a proportion or all of the damages awarded or agreed to be paid to a person in respect of certain state benefits obtained by that person in consequence of an accident, injury or disease. In principle, this… … Law dictionary
Compensation Act 2006 — The Compensation Act 2006[1] Parliament of the United Kingdom Long title An Act to specify certain factors that may be taken into account by a court dete … Wikipedia
compensation — noun /ˌkɒmpɛnˈseɪʃən/ a) The act or principle of compensating. b) That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of something else; that which compensates for loss or privation; amends;… … Wiktionary
Non-aggression principle — Part of a series on Libertarianism … Wikipedia
Motion compensation — is an algorithmic technique employed in the encoding of video data for video compression, for example in the generation of MPEG 2 files. Motion compensation describes a picture in terms of the transformation of a reference picture to the current… … Wikipedia
