Preview

Inter Relationship of Economic, Political and Legal Systems

Powerful Essays
Open Document
Open Document
5782 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Inter Relationship of Economic, Political and Legal Systems
Thank you for downloading this extract from our ExPedite notes to accompany your free online “Course in a Coffee Break”. To download a free complete set of our ExPress notes please visit www.theexpgroup.com. Good luck with your F4 studies.

ACCA Paper F4
Corporate and Business Law
For exams in 2010

theexpgroup.com

ACCA F4 Corporate and Business Law

ExPedite Notes

Chapter 1

Economic, Political and Legal Systems

The examiner has stated that in the exam, you may be required to:
    

Explain the inter-relationship of economic and political and legal systems (application level). Explain the doctrine of the separation of powers and its impact on the legal system (application level). Differentiate between different types and different systems of law (knowledge level). Explain the distinction between criminal and civil law (knowledge level). Outline the operation of the following legal systems (application level): i) Common law ii) Civil Law iii) Sharia law.

Page |1.1

© 2010 This material is the copyright of the ExP Group. Individuals may reproduce this material if it is for their own private use. It is illegal for any individuals to reproduce this for commercial use or for companies to reproduce this material partially and/or in full by any means, be it printed, photocopied, on electronic devices or any other means of reproduction. All examples presented in these course materials are for information and educational purposes only and should not be applied to a specific real life situation without prior advice. Given the nature of information presented in these materials, and given that legislation may change at any time, The ExP Group will not be held liable for any information presented in these materials as to its application to any specific cases.

theexpgroup.com

ACCA F4 Corporate and Business Law

ExPedite Notes

Economics and Politics The decision whether a country‟s economy is to be a free economy, planned economy or mixed economy is a political

You May Also Find These Documents Helpful

  • Satisfactory Essays

    The final assignment for the course is a Final Paper on two cases. The Final Paper should demonstrate understanding of the reading as well as the implications of new knowledge. The eight- to ten-page paper should integrate readings and course discussions into work and life experiences. It may include an explanation and examples from previous experiences as well as implications for future applications.…

    • 666 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    References: * A previous Health & Safety assignment I did for Health & Social Care Level 2 qualification.…

    • 2589 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    3. Public and Private Law – Public Law is the relationship between individuals and the state; constitutional, administrative, and criminal.…

    • 851 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    This worksheet has been compiled using resources provided by learndirect, City and Guilds, Pearson PLC. 10th May 2013 v1.1…

    • 1686 Words
    • 7 Pages
    Satisfactory Essays
  • Good Essays

    Note: This document should only be used as a reference and should not replace assignment guidelines.…

    • 854 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Econ 202-1 Summary

    • 825 Words
    • 4 Pages

    Unlike in planned economies, their consumers ultimately decide what goods and services will be produced. The government has little intervention in this market because market economies primarily rely on privately owned firms to produce the goods and services for them. This is the best thing even though the government has little control, sometimes decisions are better made in a whole, than in the hands of one man. Although recently developed nations are known has market economies, they could and have been classified as a mixed economies also. This is because they allow market forces, they way of running the society, to drive most of their activities, only permitting government intervention to bestow that it is needed to provide stability. A mixed economy is where majority of the decisions are made by the interaction of consumers and also the government plays a significant role in the allocation of resources process. In other words, a mixture of the planned and market economy is where this economy falls, some industries are privately owned and others are publicly owned or nationalized. The mixed economic system combines capitalism and socialism in itself as a characteristic. Capitalism because they encourage businesses to create…

    • 825 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The mixed economy gets the best of both worlds. I believe that the planned economy is a last resort and a not smart idea. My reasoning behind this is the fact that the government should not have full control over the economy, but I believe the citizens should have a voice, and that voice should be recognized. When the economy is a mixed, citizens have a voice, but so does the government.…

    • 523 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    PERC Student Guide

    • 12724 Words
    • 75 Pages

    Every reasonable effort has been made to obtain permissions for all articles and data used in this edition. If errors or omissions have occurred, they will be corrected in future editions, provided written notification has been received by the publisher. Contents Purpose of this guide ................................................................................................. v 1 Objectives of professional experience ............................................ 1 Fulfilling the CGA Association and IFAC mandates ..................................................…

    • 12724 Words
    • 75 Pages
    Powerful Essays
  • Powerful Essays

    3.1 Approach to Learning and Teaching in the Course 3.2 Learning Activities and Teaching Strategies 4 4.1 4.2 4.3 4.4 4.5 5 6 7 1 2 2.1 2.2 2.3 2.4 2.5 3 4 ASSESSMENT Formal Requirements Assessment Details Assessment Format Assignment Submission Procedure Late Submission COURSE RESOURCES COURSE EVALUATION AND DEVELOPMENT COURSE SCHEDULE ACADEMIC HONESTY AND PLAGIARISM STUDENT RESPONSIBILITIES AND CONDUCT Workload Attendance General Conduct and Behaviour Occupational Health and Safety KeepingInformed SPECIAL CONSIDERATION AND SUPPLEMENTARY EXAMINATIONS STUDENT RESOURCES AND SUPPORT…

    • 3344 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the permission of the publisher. The authors believe the contents of this book to be accurate and correct, and all possible care has been taken in producing this work, no guarantee can be given. you with good background information. You should take professional advice prior to making any decisions. This workbook should, however, provide…

    • 5345 Words
    • 153 Pages
    Powerful Essays
  • Good Essays

    What two prominent theories about the underlying purpose of law are? What the basic purpose of the American legal system is? What the scales of justice symbolize in law? When common law began, what it is based on and what it is synonymous with? What stare decisis requires? How the Constitution ensures individual liberty? Why American law is said to be a living law? Where statutory law originates? The difference between a crime and a tort? What two main functions are served by courts? On what two levels the judicial system operates? Who officers of the court are? What doctrines govern whether a case will be heard in court? What the three components of the criminal justice system are? The juvenile justice system? What the main similarity and difference between the criminal justice system and the juvenile justice system are?…

    • 11406 Words
    • 46 Pages
    Good Essays
  • Good Essays

    The publisher gives permission to an ACAP student to reproduce in print format, one copy of this manual for their own educational use. Copyrighted materials reproduced herein are used under the provision of the Copyright Amendment Act (1989) Readings indicated in this work have been copied under section VB of the Copyright Amendment Act 1989, for private study only by students.…

    • 38968 Words
    • 240 Pages
    Good Essays
  • Powerful Essays

    Political Cause and Effect

    • 1928 Words
    • 8 Pages

    Politics and the stock market are at times quite interdependent. On can very easily affect the other; this is usually a negative effect. It has be theorized that the stock market can, single-handedly, change the Presidential approval rating. Dramatic political events also help shape the returns from the stock market. Political parties, political party transitions, and the policies of these parties have a major effect on the returns from the stock market. Many studies have been conducted on the topic of political economy and also many papers have been written about it. Political economy is the study of these simple ideas and many others that are more extensive.…

    • 1928 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    The aim of this presentation is to demonstrate how the European Union Impacts the English legal system and goes on to identify the advantages and drawbacks of the Judicial Precedent.…

    • 800 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Political And Legal System

    • 2897 Words
    • 23 Pages

    International Business: Strategy, Management, and 1 Exposure to potential loss or adverse effects on company operations and profitability caused by developments in a country’s political and legal environments. Some examples like:  Diverse political and legal systems, as managers must adhere to business laws and regulations.…

    • 2897 Words
    • 23 Pages
    Powerful Essays