Theories of Profit There are various theories of profit‚ given by several economists‚ which are as follows: 1. Walker’s Theory of Profit as Rent of Ability This theory is pounded by F.A. Walker. According to Walker‚ “Profit is the rent of exceptional abilities that an entrepreneur may possess over others”. Rent is the difference between the yields of the least and the most efficient entrepreneurs. In formulating this theory‚ Walker assumed a state of perfect completion in which all firms are
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"Declaratory theory is propounded on the belief that judges’ decisions never make law‚ rather they only constitute evidence of what the law is. However‚ this view is no longer accepted. There are three reasons for the persistence of the declaratory theory. In the first place‚ it appealed in the separation of powers. Secondly‚ it concealed the fact that judge-made law is retrospective in its effect and finally‚ when the judges confronted with a new‚ unusual‚ or different point‚ they tend to present
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Theories of Translation 1.Introduction Translation‚ oral or written‚ is probably as old as the spoken or written word. Throughout the ages‚ famous writers have tried their hand at ``the art of translating``. Translation is usually defined as the communication of the meaning of a source-language text by the means of an equivalent target-language text. It can be also described as an expression of a sense from one language to another as well as transmission of a written or spoken language
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Speculating the Limits of Theory by Malini Foobalan As a second year architecture student‚ I find myself speculating about things that I never thought I would. The question to myself in fact‚ is why I care questioning‚ and what is it that has made me come up with such questions. Is it the influence of people around me‚ my developing critical thinking or‚ is it an arbitrary questioning that a typical architecture student would engage in? One of my favorite questions is
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Ashley Jackson Government & Law Criminology Theory Rational Choice Theory Rational choice theory was inspired in the 1700’s by a man name Cesare Beccaria‚ whose utilitarian views and ideas were accepted throughout Europe and the United States. This theory is also known as rational action theory meaning the framework for understanding and often formally modeling social and economic behavior. It is the dominant theoretical paradigm in microeconomics. It is also the central to modern political
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Experiential and Humanistic Theory As a person goes through life and has ups and downs‚ their ability to handle the stress varies from person to person. At times‚ a person has difficulties maintaining all the pressures of issues that sometimes feel to manifest into deep sensations of falling. Not knowing where to turn or where to go to get a clear view of what it is that may has them continuing to feel all of the world is against them. Many people rely on friends and family to get that ear
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Chapter 15 –part B p. 333 (Cameron) Motivation theories include Achievement-motivation theory Expectancy theory Equity theory Motivation theories are derived predominantly from the work of: Abraham Maslow (a psychologist) Achievement-motivation theory developed by: Focus: Atkinson‚ McClelland‚ and Veroff Aspects of personality characteristics and proposes 3 forms of motivation/needs in work situations (achievement‚ power‚ affiliation) Individuals are not as concerned with the
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Week Two DQ 1 Choose one theory—spontaneous generation theory or cell theory—and select one statement that corresponds to the theory you want to refute or support: Spontaneous generation theory: Frogs come from muddy soil because they always appear in that environment. Flies come from rotten meat because they always appear where meat is rotting. Cell theory: Without the invention of the microscope‚ the cell theory would not have been possible. All living things are made up of
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Bibliography: 1. Organisational Behaviour- K. Aswathappa‚ G. Sudarsana Reddy 2. Modern Learning Theory – T.Tighe 3. Psychology of Learning and Behavior 4. Schwartzhttp://www.answers.com/topic/learning 5. en.wikipedia.org/wiki/Learning 6. http://www.learning-theories.com/
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Theory Z Theory Z is an approach to management that advocates matching the organization’s culture to that of the larger society and assumes that involved workers are the key to increased productivity. In other words‚ the values of certain cultures affect the way the employees work‚ and therefore‚ those values should be taken into concideration when managing employees of a certain business. Another part of the theory is that‚ theory Z workers can be trusted to do their jobs to their utmost ability
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