Terms and Definitions related to Economics Administered price: A price set not by the forces of demand and supply‚ but by some authority like the Government or a regulatory authority. Agenda 21: Programme of action adopted at the Earth Summit in 1992. It has 21 chapters dealing with all aspects of sustainable development‚ conservation‚ and resource management. Appropriation Bill: A bill introduced in the Parliament together with the budget‚ seeking the approval of the House to permit expenditure
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In today’s criminal justice system‚ jails and prisons are becoming more overcrowded due to the recent increase in crime rates. Many criminal justice agencies have recently found a new method of punishment that can be used deter people from committing criminal actions and further prevent overcrowding the prisons. This new method of punishment is known as restorative justice. This new method of punishment focuses on having the offender restore the losses of both their victim and their community in
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Bibliography Being changed in the sharing: The power of story and restorative justice A Bibliography for those concerned with justice For many years‚ people have requested a list of resources for those concerned with justice‚ penal abolition and prisons. This bibliography is a culmination of years of experience in the field‚ yet is not exhaustive. Over the past several years‚ the field of restorative justice has grown‚ and many more resources are available than those noted here. That said
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COURSE: BACHELOR OF COMMERCE (BCOM) UNIT: INTRODUCTION TO MACRO-ECONOMICS QUESTION: MICRO-ECONOMICS AND MACRO-ECONOMICS INTRODUCTION Economics is the foundation of all commercial activity and comprises two areas: microeconomics and macroeconomics. Macroeconomics is concerned with the big picture‚ for example‚ the national economy and gross domestic product. By contrast‚ microeconomics is concerned with the small picture and focuses on theories of supply and demand. Microeconomics is
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Economics is the social science that studies the behavior of individuals‚ households‚ and organizations (called economic actors‚ players‚ or agents)‚ when they manage or use scarce resources‚ which have alternative uses‚ to achieve desired ends. Agents are assumed to act rationally‚ have multiple desirable ends in sight‚ limited resources to obtain these ends‚ a set of stable preferences‚ a definite overall guiding objective‚ and the capability of making a choice. There exists an economic problem
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Stream: Environmental Justice and Consumer Resistance In the 1980s‚ an issue emerged which exposed the correlation between racism‚ poverty‚ and environmental threats in the United States. This issue known as environmental injustice suggests that ethnic minorities and the poor communities are targets for toxic industries. The consistent lack of governmental representation and lack of political clout caused these targeted communities to take leadership in the environmental justice movement through grassroots
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ECONOMICS ANALYSIS FOR BUSINESS UNIT – 1 1. What is Economics? Economics is the science which studies human behaviour as a relationship between ends and scare means which have alternative uses. 2. Definition of economics According to “Adamsmith” Economic is a social science the deals with human behaviour pertaining to production‚ Exchange and consumption of goods and services. 3. What are basic concept of economic? * Resource allocation * Opportunity cost * Diminishing marginal
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Can Justice Be Bought? “Everything can be bought” (31) says Claire Zachanassian near the end of the first act of The Visit. This statement was made in response to the Mayor who said “But justice can’t be bought!” (31). This raises the question: Can justice be bought? According to Claire Zachanassian‚ everything can be bought. However‚ real justice can never be bought because money corrupts justice and purchases revenge. Justice is the fair and unbiased treatment of an individual based on their crimes
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Plato’s Theory of Justice Plato’s Justice for individuals and states‚ and the rule of law. In the Republic‚ Plato posits that justice is preferable to injustice. Thrasymachus claims that injustice without recourse or consequence is the most rewarding experience. Glaucon adds the analogy of the ring of Gyges‚ and Adeimantus describes how appearance is often more important than reality. Plato is then faced with the rebuttal of their arguments. To illuminate his logic‚ he utilizes several interrelated
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Economics 1Assessment Instructions Assessment 2: Individual Assignment‚ 30% of Module Weighting 1.0) RELEVANT MODULE LEARNING OUTCOMES: A. Analyse a range of current economic issues and problems. B. Develop and communicate economic arguments in a variety of forms. C. Be able to make effective presentations of economic arguments. D-J The nature of this assignment is such that students will analyse a particular newspaper article and‚ depending on the subject matter‚ will respond to one
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