Should laws and policies aim to maximize happiness? Laws and policies are described in many dictionaries and it is possible to find many descriptions and ideas of what is the true purpouse of laws and policies. Theodore Roosevelt has said‚ that „No man is above the law and no man is below it: nor do we ask any man’s permission when we ask him to obey it.” This means that it is an important issue we have to pay attention to. In this essay work I would like to go deeper in my own consciousness
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Summary of the Article‚ ”Why do firms exist”……….. Ronald Coase may not be as famous as other economists due to his non-recognisable status but at the turn of the century ‚ he was able to achieve a recognisable status by applying practical theories on pre- existing economic theories. Highlights Deregulation revolution of 1980s Re-surfacing the pin factory which was the foundation of division of labour criticism of earlier economics theories of Adam Smith and others. Bureacracy in modern
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Reasons why you should always keep learning A recent article about raymond mill in The Atlantic reported that when individuals learn new tasks‚ they strengthen the part of their brain used in learning the task. Even better‚ this process makes the neighboring areas of the brain more resilient as well. This means that learning can make what you already know stronger‚ too. So‚ without further ado‚ here are five more reasons why you should always keep learning: 1. Keep in Touch With The World. If
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conscience should always be obeyed. (35 marks) Conscience is a moral sense of right and wrong‚ especially felt by a person which will affect their behaviour due to an inner feeling of the ‘correct’ approach to take in a given situation. The majority of people tend to agree with the belief that there is such thing as conscience. In this essay I will be assessing whether the conscience should always be obeyed. Philosophers have made theories giving reasons why we should or should not always follow our
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Why firms go international? There are many reasons can promote firms go international‚ includes the domestic market saturation‚ end of PLC in domestic market‚ geographic diversification‚ to gain the economies of scale‚ stiff competition in domestic market and absence of competitors overseas etc. 1. Some firms go international in order to gain the economies of scale. As a research has pointed out that a doubling of output can reduce the production costs by up to 30 per cent. This is very obvious
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The traditional profit maximizing theories of the firm have been criticised for being unrealistic. As a result‚ alternative theories of the firm were introduced (Sloman & Sutcliffe‚ 2001). One of the alternative theories of the firm is Growth maximization. Following are the main motives for the firms to grow: The cost motive: A growth maximising firm can lower its long run average costs by exploiting economies of scale and economies of scope. Economies of scale come into effect when increasing
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ENGL 1101 Why Companies Profits Declined Since the beginning of the last recession United States companies profits have declined drastically. Small local businesses were hurting because of the recession. Record shows “The boom in American corporate profits‚ which has far outpaced the gains in the broader economy since the end of the last recession‚ is faltering” (Schwartz). Even companies worldwide whose majorities of its customers were Americans suffered a loss. Europe economy has taken a down
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parents.So should we always obey them? From ages‚ obedience been thought to us. It is followed by many people from all around the world. It is a way to say to our parents that we respect them. However‚ people still argue that children shouldn’t obey their parents. Firstly‚ most people believe that if children listened to their parents they wouldn’t be in independent. However‚ I strongly disagree on that because parents would never think anything bad for their children. They would always think their
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streamline it. At a glance agribusiness may be seen and even portrayed as the solution to the global food issues‚ but that is far from the truth as we have seen in the documentary film Hungry for Profit agribusiness’ main purpose is profit as in the end agribusiness is in fact a business. With this in mid it should not come as a surprise that agribusiness‚ despite all the propaganda‚ isn’t a solution to the world food issues‚ in fact one can argue it is a cause for some as they choose to sell their product
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Why firms decide to go global Growth Many companies will prefer to invest their excess profits in order to expand‚ but sometimes they are limited because of the maturity of the markets in their area. Therefore‚ they seek the overseas new markets to provide such growth opportunities. So‚ these companies‚ in addition to investing their excess profits‚ also try to maximize efficiency by employing their underutilized resources in human and capital assets such as management‚ machinery‚ and technology
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