ECONOMIC LAWS Concept of Law: Law means “rule or conduct”. A law expresses the causal relationship between two sets of phenomenon. Like other sciences‚ economics also collects facts and undertakes their systematic study. The facts are analysed and conclusion drawn. These conclusions establish causal relationship between the concerned facts. These are called laws or generalisations. Collection of facts ⇨ Systematic Study of facts ⇨ Establishment of facts ⇨ Analysis of facts ⇨ Conclusion has
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2. Theoretical context “There is no escape from the politics of our knowledge.” This chapter will focus on state of the art theory regarding museums in a global perspective‚ but also museums in a post-Apartheid context. A number of concepts have already been mentioned that warrant explicit explanation due to the nature of the terms. The concept of ‘museum’‚ ‘heritage’‚ ‘community’ and ‘identity’ are broad enough to warrant explanation within the context of this paper. These concepts have been
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Pop Culture in the Global Context "A long time ago in a galaxy far‚ far away" is a phrase that has been translated into hundreds of languages all over the world. Star Wars is an influential science fantasy saga and fictional universe created by writer‚ producer‚ and director George Lucas in the early 1970s. In 2005‚ Forbes Magazine estimated the overall revenue generated by the entire Star Wars franchise‚ over the course of its 28-year history‚ at nearly $20 billion‚ easily making it one of the
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Based upon the above meaning of economic profit- Stern Stewart & Co. recognised that management’s goal should be to maximise the market value of company but also that this could not be done in isolation from the capital invested in the company. Thus‚ management should aim to maximise the difference between the market value and the invested capital (debt + equity); this is known as market value added or MVA. However‚ higher MVA is the result of management action and not a tool in itself. SIMILAR TO
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the world. The global economy also comprises of global financial system. Global financial crisis however‚ is turmoil in the world financial system caused due to some illogical reasons and mismanagement by the financial institutions. The global financial crisis basically reflects a combination of three-factors which marks the worsened situation weakening balance sheets of financial institutions‚ continuous fall in asset prices‚ weakening global growth. A worldwide period of economic difficulty experienced
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Laws Affect My Life If someone were to ask me‚ "What has the government done for you today?" I would most likely say nothing‚ but as I researched I have looked back on my past and my present. I have realized realized that through the years I have really noticed that laws do hold a foundation on my everyday life as well as others. Laws are principles and regulations that are established under the authority of the state and/or the nation. They help to form the foundation for a country that protects
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Economic value of water A Multi-Criteria Analysis approach Introduction Water is an essential resource that has a multiplicity of use in domestic‚ Industrial‚ agricultural‚ hydropower generation‚ mining‚ environmental etc activities but the present unsustainable use and mismanagement in the Kafue Basin of Zambia has put pressure on the resource and conflicts among stakeholders have emerged due to the diminishing quality and quantity of the water from the main source- the Kafue River. The
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Question 1 - Please give a brief summary of your current recreational and leisure activities‚ including sports and hobbies.* For me‚ playing basketball and watching sports with my friends are good ways to relax. I have been playing basketball with my friends for years. It is a pleasure to meet new people from sports‚ and work with them in a team. Playing basketball helps me to maintain friendship with others‚ and understand the importance of teamwork. Once‚ we were playing against with
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Fifteen years ago at the watershed of the two centuries‚ business organizations across the globe faced a new environment‚ which was a far cry from the world of regulated domestic economy that was characteristic of the last century. Today‚ international markets have turned much more mercurial and volatile. Industries are undergoing quantum change‚ thanks to the unprecedented globally wide recession. The challenge is to marshal the cumulative and collective managerial experience in order to countenance
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Context reflects values Context is a clear reflection of the values of any era‚ especially in Shakespeare’s canonical play Hamlet. The events and characters in Hamlet embodies the historical context of shifting religions and political uncertainty that lead to a society imploding. Composed in the 1600s‚ the murder of a king and the encroachment of foreign power would have had particular resonance for the audience as there was an innate failed invasion of Britain by Spain and an attempted assassination
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