Asymmetric Information is where one party in a transaction has less information than the other. Balance of Payment is the summation of imports and exports made between one countries and the other countries that it trades with. Balance of trade: The difference in value over a period of time between a country’s imports and exports. Barter system: System where there is an exchange of goods without involving money. Base year: In the construction of an index‚ the year from which the weights
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Title of Assessed Work: Why did Thebes come to political prominence in the fourth century? ‘’The victory of the Thebans was the most famous of all those won by Greeks over Greeks’’1 This essay will look at the rise of Thebes to political prominence in Greece in the fourth century BC in a an analytical rather than chronological fashion‚ by considering both the decline of the major city states around Thebes as well as Theban advantages. It will draw on the format used by John Buckler2
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approaches to Political Science was widely prevalent till the outbreak of the Second World War. These approaches were mainly related to the traditional view of politics which emphasized the study of the state and government. Therefore‚ traditional approaches are primarily concerned with the study of the organization and activities of the state and principles and the ideas which underlie political organizations and activities. These approaches were normative and idealistic. The political thinkers advocating
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Character: The Political Parties are the most important part of any democratic country. The Political Parties mobilize public opinion around their ideologies and contests elections to form a government. Generally an ordinary citizen does not have direct access to the government he can be reached only by his elected representative. Thus it is righty said that government represents will of people. It will‚ therefore‚ not be an exaggeration to say that no Political Party‚ no democracy. Political Parties are
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democracy. But as democracy is gaining currency the world over‚ it need be stated that the Institution of political party constitutes the lubricant of the current democratic wave. This is because‚ political parties serves as vehicle for expressing myriad of world views held by citizens as well as an instrument to garnering the informed and active participation of the citizens in the political process which constitutes the hallmark of any democratic practice. As noted by Hague and Harrop (1987:141-142)
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ernt Internet and political attitudes: perspective of elections in Mexico in 2012 Manuel A. Guerrero‚ Luis M. Martinez Universidad Iberoamericana‚ Department of Communications‚ Ciudad de México The lack of participation in democratic processes is gaining attention along with a worldwide-diminished interest in public matters. Such characteristics are becoming a distinctive mark of a significant proportion of population in the democratic world (Dalton 2002‚ Putnam 2001). However‚ since 1990s
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Final Paper: The Political Culture of Germany The Country of Germany is known for many things Oktoberfest‚ the autobahn‚ the Rhine River and a very horrific and turbulent past. The Germany of today continues to be forged out of the mistakes of its past. From Hitler‚ to Nazism to concentration camps‚ Germany has worked diligently to move past its horrible past and become a true political and economic leader in the European Union and the world. It has brought stability and has opened its doors
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"Political Power and the State" According to Spencer political power is the result of cooperation between individuals in a society. The cooperation between individuals leads to a political structure that organizes the efforts and gives direction to the group as a whole. The political structure derived from this cooperation has to have the power to restrain individual behaviors in order to keep the society together for the same common goals. The political structure gets this power from the idea that
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“The role of political parties is the determining factor in the politics of Hong Kong today.” Do you agree with the above statement? In every daily news we have heard are inevitably linked to political parties in Hong Kong. Are they able to function well so as to help Hong Kong to be a better political environment? I wonder whether most of the Hong Kong citizens can make use of the parties to express their views. So‚ in the following section‚ I would like to introduce how the Hong Kong parties functioned
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time to time. Broken down‚ political culture is the shared beliefs and core values of the human population about how government should operate. For example‚ American political culture is the value of personal liberty‚ equality‚ popular consent and majority rule‚ popular sovereignty‚ civil society‚ and individualism. These six characteristics of the U.S. democracy are the basic concepts that were written into the Constitution. As stated by Dennis Kavanagh‚ political culture is‚ “a shorthand expression
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