Eudaimonism, a virtue ethics theory, emphasizes the importance of living a well-lived life and achieving happiness through the application of virtues and wisdom. The primary focus is on character traits rather than specific actions. This theory provides guidance on how to be a good person, but lacks clear direction on moral dilemmas. On the other hand, contract theory views morality as relying on conventions between individuals in a community. It examines decision-making using defined structures and has been criticized for depicting an inadequate image of political and moral life.