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Thus, it is a stronger requirement than plurality (yet weaker than absolute majority). [4] [5] An absolute majority (also a majority) is a number of votes "greater than the number of votes that possibly can be obtained at the same time for any other solution", [a] when voting for multiple alternatives at a time [6] [b]
This has led to some confusion and misuse of the terms "majority" or "relative majority" to mean what is correctly called the margin of victory, i.e. the number of votes separating the first-place finisher from the second-place finisher. [8] A "double majority" is a voting system which requires a majority of votes according to two separate ...
Ranked majority criterion, in which an option which is merely preferred over the others by a majority must win. (Passing the ranked MC is denoted by "yes" in the table below, because it implies also passing the following:) Rated majority criterion, in which only an option which is uniquely given a perfect rating by a majority must win. The ...
If majority support is interpreted in a relative sense, with a majority rating a preferred candidate above any other, the method does not pass, even with only two candidates. If the word "prefer" is interpreted in an absolute sense, as rating the preferred candidate with the highest available rating, then it does.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
[1] [2] This position has found strong support in many social choice models, where the socially-optimal winner and the majority-preferred winner often overlap. [3] [4] Majority rule is the most common social choice rule worldwide, being heavily used in deliberative assemblies for dichotomous decisions, e.g. whether or not to pass a bill. [5]
Economic mobility is the ability of an individual, family or some other group to improve (or lower) their economic status—usually measured in income. Economic mobility is often measured by movement between income quintiles. Economic mobility may be considered a type of social mobility, which is often measured in change in income.
Median household income (simplest measure of relative and absolute in income distribution) Income quintiles (from the top 20% on down for the U.S.) Household income in the United States; Personal income in the United States; Economic inequality (worldwide overview; causes, effects, normative perspectives) Income inequality metrics; Gini coefficient