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Fairness, or the property of being fair, is a term derived from Old English fæġer (fair, lovely, beautiful; pleasant, agreeable; attractive); it is commonly related to concepts of justice, and equitable, adequate, reasonable, or decent assessments, actions and behavior, as well as unblemished, beautiful, pleasing appearances, and sometimes specifically to light-toned colors, especially of skin or hair.


  • Because there is no precisely defined and widely agreed upon definition of fairness, what the term has come to mean in economic policy-making is that those with political power can restrict the options of individuals and enterprises, in order to produce whatever end result those in power choose to call "fair".

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