ECONOMIC AND SOCIAL ISSUES Economics is the social science that studies the behavior of individuals‚ groups‚ and organizations (called economic actors‚ players‚ or agents)‚ when they manage or use scarce resources‚ which have alternative uses‚ to achieve desired ends. SOCIAL ISSUES (also called a social problem or a social situation) is an issue that relates to society’s perception of a person’s personal life. A.EDUCATION is a form of learning in which the knowledge‚ skills‚ and habits of a
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defined that a legally binding contracts need offer and acceptance in order to create a legal relation. Basically there is a need for a contract to be supported by consideration. In other words‚ in English law of contracts it is required that the parties bring something valuable in exchange for the promise that they have made in that agreement. Therefore a legal consideration converts a social agreement into a legal agreement. According to Lord Pollock’s definition‚ consideration is “An act or forbearance
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ABSTRACT Political and Social Apathy‚ there are two faces of apathy. The first considers apathy as a choice and participation in public life a consequence of one’s affirmative use of freedom. The second face of apathy arises when citizens are led to believe that their personal needs are not part of the political agenda‚ resulting into political deprivation and the reaffirmation of the status quo. Philippines political and social life is marked by the second kind of apathy‚ which might also
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Economics Report Project Description: In this project‚ you will edit and format a newsletter and a research paper for Memphis Primary Materials on the topic of environmental economics. To accomplish this‚ you will insert footnotes‚ create citations and a bibliography‚ format a multiple-column newsletter‚ use special character and paragraph formatting‚ and create mailing labels using Mail Merge. Instructions: For the purpose of grading the project you are required to perform the following
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Consider Political and Economic Differences Paper: In this paper‚ provide a descriptive title or heading for your paper by focusing on topics or countries that interest you (such as “Political and Economical Developments in the Asian or European Systems”)‚ and then discuss the following concepts: 1) Explain in detail why and how the political systems of countries differ; 2) discuss how the legal systems of countries differ; 3) explain what determines the level of economic development of a nation;
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The American Revolution was caused more by economic factors than political. Although political factors played a role in the Revolution‚ a greater significant portion of the American Revolution was caused economic factors. The main piece of aggravation to the colonists was the Stamp Act. The Stamp Act was protested upon the principle “No taxation without representation”. This particular act affected virtually all the colonists and limiting economic success‚ and thus the colonists protested. An
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modern capitalists‚ owners of the means of social production and employers of wage labor. By proletariat‚ the class of modern wage laborers who‚ having no means of production of their own‚ are reduced to selling their labor power in order to live.” ~ Friedrich Engels. Every person has been classified as something whether it is age‚ skin color‚ or wealth. There are various forms of classification. For example‚ ever heard of social stratification or social economics? It is society’s categorization structure
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Globalisation is a series of social‚ economical‚ technological‚ cultural‚ and political changes that promote interdependence and growth. Globalisation raises the standard of living in developing countries‚ spreads technological knowledge‚ and increases political liberation. The main cause of globalisation is influence from other‚ more developed‚ countries. Globalisation is a historical process that results from human innovation and technological progress. The social effects of globalisation are
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environment‚ culture‚ and humans. Instead of trying to conquer the environment we should be working with it. Thoughtful design and innovation of a new infrastructure that doesn ’t just reduce harm‚ but eliminates it. Our industry is designed and based on economic value that relies on the environment for natural capital. We use valuable resources to design products to be thrown away. All of the value spent extracting the material and the cost of production are all now wasted. Even biodegradable waste is unable
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Week 1 Homework Problems Chapter 1 18) You rent a car for $29.95. The first 150 miles are free‚ but each mile thereafter costs 15 cents. You drive it 200 miles. What is the marginal cost of driving the car? A) A marginal cost is the additional cost to you over and above the costs you have already incurred. Hence here the marginal cost is $7.50 26) State whether the following are microeconomic or macroeconomic policy issues: a. Should U.S. interest rate be lowered to decrease the amount
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