The advantages of a mixed economy are many. Depending on the ratio of capitalistic elements to socialist or mercantile elements‚ there are many freedoms in a mixed economy. People may go into business for themselves‚ decide what they will produce or sell‚ and set their own prices. Business owners and merchants pay taxes‚ but they reap the benefits of those taxes through social programs‚ roads and other infrastructure elements‚ and other government services. The mixed economy is helpful in increasing
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Australian Current Economic Situation The current Australian economy is performing significantly well and the future prospects looks positive‚ given the unfavourable global environment. Australia continues to be a world leader in the global recovery‚ with lower unemployment‚ lower debt and stronger growth than other countries. Australia’s economy is expected to grow by 3.25 percent in late 2010 and 3.75 percent in 2011 (Table 1) (RBA‚ 2010). This follows a further growth in employment with jobs
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STUDIES DEPARTMENT : FINANCE COURSE : COMPANY LAW 2 CIN 2206 LECTURER : MR MAKUYANA QUESTION “By becoming a shareholder in a company‚ a person undertakes by his contract to be bound by the decisions of the prescribed majority of shareholders‚ if those decisions on the affairs of the company are arrived at in accordance with the law‚ even when they adversely affect his own rights as a shareholder
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English Law is broad‚ with the real starting point at the Norman Conquest in 1066. During that time‚ England was mostly ruled by customs prior to the Conquest. It wasn’t until William the Conqueror took throne that modern English law started to develop‚ under the common law. Fast forward to 21st century‚ and now the law has been a lot more developed‚ with its sources divided into two‚ the primary source and the secondary source. The primary source being case law‚ legislation‚ and European law. In the
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Protecting Intellectual Property Rights in China The article discusses a problem‚ which foreign investors face while operating in one of the most strategic markets in the world – China. According to the article‚ corporations‚ which operate in China face a great challenge in protecting their intellectual property rights on that market. The article discusses three major points. First of all‚ it suggests that China is a strategic market for a lot of companies‚ but these very same companies must be aware
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“COMMON GOOD: The Law’s End” (A Commentary on Summa Theologica Question 90‚ Article 2) I. INTRODUCTION “Et ideo omnis lex ad bonum commune ordinatur (Therefore every law is ordained to the common good).” This is the second component on the definition of law by St. Thomas Aquinas in his Summa Theologica. For him‚ law “is nothing else than an ordinance of reason for the common good‚ made by him who has care of the community‚ and promulgated.” In this definition of St. Thomas‚ he provides
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need to prove that the followings are being satisfied: (1) The purchase of silk by Lau had been done in relation to the business (sale of antique) of Lau & Kwan Co. (2) The purchase of silk must be such as would be usual for carrying on that business in the usual way; and (3) The act must be done by Lau as a partner‚ and so understood by Cheung & Co. If the above requirements are all satisfied‚ the firm (and Kwan) “will be bound even though the activities of the individual partner
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complicated. But‚ in my opinion‚ if people take their own dependability and start thinking from the ethical point of view in their business‚ there should be a common good and the society would be satisfied. There could be a lot of mistakes and obstacles in the course of every business and then comes the ethical part. However every person must have his or hers own principles and obey some rules in their professional career. The individual should build these rules in the course of life‚ in the course
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Advantages of Starting up a Business * Being your own Boss - you can make your own decisions‚ keep your own time and not have to answer to "The Boss" * Hard Work & Know How - If you are a hard worker and / or have immense industry know how‚ you may want to benefit from the long hours you do or the knowledge that you have acquired over time. * Financial Independence - One day‚ you may realise your dream of financial independence * Creative Freedom - no more restrictions‚ you
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Why Property Damage is Not Good Now what have we learned from our actions? Truth is‚ we all learn from our mistakes. No matter how dumb the mistake is or how little. By every mistake a person makes‚ it makes him a better person the next day. Why? Because it is just the way us humans are. We learn from our mistakes. Damaging other’s property was my lesson. I can see that those actions had gained me nothing. They did not make me any cooler‚ they did not make me feel like a better person. All this
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