competitive industry‚ rival firms have to continuously strive to be innovative to attract and keep customers. # Are monopolies bad? Antitrust laws good or bad? – topic # I’m arguing that monopolies are bad. Antitrust good. # Briefly describing monopoly vs competitive market Monopolies are characterized as a single firm or group of firms that are the sole suppliers of a good or service for which there are no close substitutes. Natural and legal barriers to entry such as economies of scale‚ control of scarce
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called‚ True Law of Free Monarchies. In this book‚ King James I justifies his actions as an absolutist leader and reasserts his role in the government as an all powerful center of authority. James I explains how parliament is simply the bridge between the king and his vassals. He states all noteworthy acts are done through the king who passes laws and regulations of the people’s request. His final words were‚ every action is done through the king because he is all powerful and above the law‚ but as a
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The European Community (EC) has expressed through treaty provision and case law that the protection of the fundamental rights of EC citizens is vitally important. However‚ the EC itself is not currently bound to a set of agreed fundamental rights. For years‚ the European Court of Justice (ECJ) has respected and protected fundamental rights by considering the position of state constitutions and the terms of the European Convention on Human Rights (ECHR). Yet‚ the ECJ is not bound to follow these
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GOOD FAITH IN INSURANCE LAW Good Faith: A study Good faith is required in a wide range of situations‚ including contracts and business dealings‚ as well as during mediation‚ arbitration orsettlement negotiations in a personal injury or similar tort case. The good faith requirement also appears in business law. The officers and directors of a corporation are obligated by their fiduciary duties to act in good faith when dealing on behalf of the corporation. Although the phrase “good faith” may mean
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SALE OF GOODS Ref: Sale of Goods Act‚ 1930. SALE A contract to transfer the ownership (title) of the goods from one person (seller) to another (buyer) for a price as consideration is called Sale. ESSENTIALS OF A SALE 1. Two Parties 2. Transfer of title. 3. Goods. 4. Price. AGREEMENT TO SELL Where under a contract of sale the transfer of ownership in the goods is to take place at some future time subject to some condition thereafter to be fulfilled the
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The Liberalization of the EU Postal Market: What are the possible welfare effects? 1. Introduction In regulated industries‚ governments established Universal Service Providers (USPs) in the postal market in order to provide every inhabitant of a country with essential services. Many European Union (EU) member states decided that by the 1st of January 2009 the EU postal market should be liberalised‚ causing competition to increase. When competition rises within a specific market‚ usually‚ welfare
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Why the EU decided to intervene and what they aimed to achieve from doing so is a huge topic and still an on-going discussion between many politicians One factor of the intervention was learnt from previous mistakes for example the non-intervention of Rwanda and Srebrenica massacre The Rwandan Genocide was the 1994 mass murder of an estimated 800‚000 people over the course of approximately 100 days‚ in the small East African Nation of Rwanda. This came about because of the longstanding ethic and
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boring thing or cost money — exercise should be fun and it can be included into your normal day. Remember: any movement is good for your health! Climb stairs instead of using lifts. Ride a bike or walk to school‚ or get off the bus a few stops early and walk the rest of the way. You only need to plan your day a little better and you will save money and the environment. Walking the dog is a good way of improving your fitness‚ and your dog will love it too. At lunchtime‚ go for a walk with a friend
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Introduction The main question to consider is whether Turkey’s admission to the EU would be economically advantageous for the Union. I will start by giving you some information about the background of this debate‚ which is going on for quite some time now. Turkey’s application to accede to the European Union was already made in 1987. But by doing this‚ Turkey was not yet an official candidate. It was officially recognized as a candidate for full membership in 1999. The real negotiations about
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it would be good business sense to stay up to date with current EU legislation and policies. Also discussed shall be the effects that following or not following them could have on a business‚ and what a consumer could do if they believed one of the legislations or policies had been broken. A Brief History of the Single European Market An important speech made by Robert Schuman‚ the French Minister for Foreign Affairs on 9th May 1950 planted the seeds for the creation of the EU (Suder‚ 2008)
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