Social Contract Theory

Just need these two questions answered
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As stated in the opening of the McCombs School of Business source you used, “Social contract theory says that people live together in society in accordance with an agreement that establishes moral and political rules of behavior.” You noted that the value of the individual in our current society has more to do with our economic standing. Thus, it would seem that our social contract has failed, especially as it pertains to morality. Would you agree?

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Merit seems fairer in that it individualizes the people, but what constitutes merit and how is it determined?

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