Marx and the Marxist theory of historical materialism‚ a mode of production (in German: Produktionsweise‚ meaning ’the way of producing ’) is a specific combination of: * productive forces: these include human labour power and available knowledge given the level of technology in the means of production (e.g. tools‚ equipment‚ buildings and technologies‚ materials‚ and improved land). * social and technical relations of production: these include the property‚ power and control relations governing
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Land Rights and The Global Land Rush May 2012 Introduction A global land rush—sparked initially by a dramatic rise in global food prices and now driven by a variety of factors including increased demand for food and biofuels‚ carbon markets and speculation—is remaking the face of agriculture and land use in the developing world. These investments‚ whether by purchase‚ lease‚ or concession of land‚ typically shift the land from traditional uses‚ such as smallholder farms or communal grazing
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CAPITAL FORMATION CAPITAL: Capital is defined as a physical reproducible factor of production. FOUR FACTORS OF PRODUCTION: LAND‚ LABOUR‚ CAPITAL & ORGINIZATION LAND Gets Rent==►LABOUR Gets Wages==►CAPITAL Gets Interest‚ ==►ORGANIZATION Gets Profit. CAPITAL FORMATION: is the act in which society dose not consume all of its income in day to day expenses but manages to save some of its income for farther investment (Output‚ Yield)Y = Consumption (C) + Saving (S) ==► (Investment) I Y =
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CHILD LABOUR The term “child labour” is often used interchangeably with “working child” or “employed child”. While all these terms are defined on the basis of age of the person working. According to the Constitution of India‚ child labourer may be defined as a person who is below the age of 14 years and is working for an earning. However‚ child labour denies children the opportunities for mental and physical development and consequently their life chances are marred. Children engaged in domestic
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EVILS OF CHILD LABOUR INTRODUCTION: Childhood is the most innocent stage in a human life. It is that phase of life where a child is free from all the tensions‚ fun-loving‚ play and learns new things‚ and is the sweetheart of all the family members. But this is only one side of the story. The other side is full of tensions and burdens. Here‚ the innocent child is not the sweetheart of the family members‚ instead he is an earning machine working the entire day in order to satisfy the needs and wants
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word propensity means likelihood and in economies we use this word to discuss spending and saving habits. * Cultural Factors: For example in some East Asian economies some East Asian economies people tend to save more of their income then people in other industrialised economies ‚ and previous generations tended to save more than people today. * Personality Factor: Some people are more cautious and prefer to have savings in case of any future need‚ while others would rather enjoy the
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Child labour Considerable differences exist between the many kinds of work children do. Some are difficult and demanding‚ others are more hazardous and even morally reprehensible. Children carry out a very wide range of tasks and activities when they work. Not all work done by children should be classified as child labour that is to be targeted for elimination. Children’s or adolescents’ participation in work that does not affect their health and personal development or interfere with their
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Elasticity of Labour Demand A firm always incurs a change in labour or capital. It is important for a firm to know the effects on the wage or capital increase since it would help the firm make accurate decisions. A change in wage would make an impact on the firms employment. When there is a wage cut‚ it reduces the price of labour relative to that of capital‚ and now labour is cheaper. However‚ when the wage increase the price of labour increases and the firm would substitute away from labour toward capital
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ANOTHER DIMENSION TO CHILD LABOUR: COUNSELLING IMPLICATIONS OMONI‚ G. E. PhD Institute of Education‚ Delta State University‚ Abraka email: egonomoni@yahoo.com and IJEH‚ S. U. Mrs College of Education Agbor Abstract The issue of child labour is an acclaimed universal phenomenon. This paper examines the reason for child labour‚ the types‚ problems‚ consequences and possible solution strategies. Specifically‚ the paper critically discusses the positive aspects of child labour and how it can be properly
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......3 2. TERMINILOGY OF CHILD LABOUR-FURTHER ANALYSIS………………………………3-4 3. CAUSES OF CHILD LABOR…………………………………………………………......................4 4. SUPPORTING IDEAS OF ANOTHER VIEW ABOUT CHILD LABOR …………………4-5 5. CONCLUSION-OUR OPINION………………………………………………………………………….. 6. REFERENSES………………………………………………………………………………………………….5 CONTENTS 7. INTRODUCTION………………………………………………………........................................4 8. TERMINILOGY OF CHILD LABOUR-FURTHER ANALYSIS………………………………4-5 9
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