WHY JAMES MADINSON USES CREDITORS AND DEBTORS AS RICH AND POOR‚ AND THE ROLE OF THE GOVERNMENT IN REGARDS TO MONEY LENDING A creditor is a party that has a claim to the service of a second party. It is a person or institution to whom money is owed. A debtor is an entity that owes a debt to another entity; the entity may be an individual‚ firm‚ a government‚ a company or other legal person. James Madison compares creditors and debtors to the rich and poor because the creditors are the parties
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What is Market Failure? In a market where there is equilibrium‚ the resources are allocated in the best possible manner and there is ’allocative efficiency’. Allocative efficiency is when situation where Marginal cost is equal to Marginal revenue. However‚ this is not possible in the real world. Market failure exists when the resources are not allocated efficiently. Community surplus is not maximised and thus there is market failure. From a community’s point of view‚ producer surplus is not equal
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********************************************** How can government encourage whistle blowing? In an article about whistle blowing in a business context ‚ Lilanthi Ravishankar makes a useful distinction between external and internal whistle blowing. She argues that companies should encourage internal whistle blowing so that problems are solved within the organization before employees feel they must go outside to get action. The same is true for government bodies‚ which need to know about problems early—before
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be politically critical of him or her about 100 days. 106. Describe factors that often cause a president to have positive public opinion poll figures Some factors would be depending on the condition of the economy and how many money is the government giving in loans for the people’s needs. Also depending on the employment rate. 107. Provide historical examples showing how presidential public opinion figures can dramatically decline. We have Nixon and Watergate‚ which was a political scandal
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cattle‚ cotton‚ and oil Texas was economically strong and needing little federal support. The traditionalist roots can be found in a few areas. First Texas having the abundant resources has created many wealthy people who have a power over the government. Second‚ many laws in Texas favor large corporations and low taxation. Third‚ full citizen participation in politics and voting has never been encouraged as much as many other states due to the wealthy and vast size. These are some of the factors
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The purpose of this report is to exemplify the role of government with the focus on the developing countries by answering the proposed question of Why do we need government intervention? and Why government intervention is necessary for the new economy? The first part of this report illustrates the essential roles of government in social‚ business‚ and the future of country aspects. Then‚ Thailand was chosen as an example of a country entering into the new economy‚ while using the other countries
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What were the reasons our forefathers divided the government into the legislative‚ executive‚ and judicial branches? The reason that our forefathers divided the government into three separate branches was because they planned to implement a democratic government that would work to serve the citizens and not regulate them. In other words‚ the forefathers wanted to devise an organization where no single individual or assembly would have too much authority. The three branches; judicial‚ legislative
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Government Spending Government Spending Government Spending According to the principles of micro economic theory (which does not take into account aggregate‚ or national demand‚ but only considers particular spheres of demand in the national economy) as prices decrease‚ average consumer demand will increase. For example: Oranges=60 cents/Average Consumer Demand=2 Oranges=40 cents/Average Consumer Demand=4 Eventually‚ even if individuals have less money
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main functions was to ensure the thirteen states became worked as one rather than following separate laws. Before the Constitution there was a weaker government that encompassed many problems and holes that needed ratification. This lead to a convention in order to create a stronger central government that would fix the issues the current government was facing. This convention lead to the birth of the U.S. Constitution‚ which was and still is considered the supreme law. The Constitutional Convention
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What do we mean by Government & why we need it Types & Branches of Government Executive Branch – functions & organization Administrative structure of Executive branch in central‚ state & district level Role of President‚ Vice President‚ Prime Minister‚ Council of ministers‚ Covil Service & Cabinet Secretary Legislative Branch – functions & organization Legislative structure- upper & lower house Judiciary Branch – functions & organization Requirement of Administrative reforms Some unknown
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