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How can we put a value on human life?

Updated: 12/12/2022
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14y ago

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Although there ought not to be a value on human life, once damage/death has occured to a person, compensation should be given. This renumeration and the process in which it occurs under is known as injury tort law. Economists and other financial experts can give a quantitative assessment on what the potential earning capability of a person would have been and subsequent renumeration is contingent upon this as a factor.

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Q: How can we put a value on human life?
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