Monopolies can be national (royal mail)‚ regional (water companies) or local (petrol station). Unlike a perfect competition situation were firms are ’price takers ’ and only respond to consumer demand‚ a monopoly finds itself in an imperfect competition market. In this type of market the firm is more of a ’price maker ’ and can therefore influence the market price. When comparing monopoly and perfect competition under the same conditions‚ we can find that the monopolist when in equilibrium produces
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To what extent is religious language meaningful? There are two ways to approach whether religious language is meaningful. Some philosophers such as logical positivist have a cognitive approach based on facts and learning through experience. Anthony flew is one philosopher whom shares the belief that something can be seen as meaningful through assertion‚ statements that can be proved empirically through synthetic reasoning. The other approach to the statement is a non-cognitivist method‚ which
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relevant amount of literature regarding social responsibility of corporate management‚ mainly articles and academic publications‚ has been produced in the last decades. Depending on the source‚ however‚ different understandings‚ approaches‚ and interpretations stand out clearly. The web is also rich of material that‚ while at a first impression may seem “marketing” oriented‚ is often directly related to the widely disputed concept of Corporate Social Responsibility (CSR). Within this considerable mass
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To what extent are human rights universal? The Universal Declaration of Human Rights goes beyond the national interest of a state. It outlines the obligations of every state within the international arena. Human rights are a controversial issue with many conflicting arguments. Some may argue that human rights should be mandatory to all‚ universally. While others may argue that the notion of human rights is dynamic and complex and cannot be applied towards every state‚ as every state functions in
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like Macbeth did. In every tragedy‚ they have a tragic hero who has a tragic flaw. Macbeth is a great example of a Shakespearean tragic hero because of his tragic flaw. His tragic flaw is ambition because he murders people for his desire to obtain power. A tragic hero is someone who is a noble person but just because of one decision it all comes down. In the beginning of the play‚ Macbeth is being characterized as an honorable and brave general‚ that wouldn’t do anything bad to hurt anyone. After
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To what extent do people plagiarise Plagiarism is defined in multiple ways in higher education institutions and universities. To name a few: Stanford sees plagiarism as “use‚ without giving reasonable and appropriate credit to or acknowledging the author or source‚ of another person’s original work‚ whether such work is made up of code‚ formulas‚ ideas‚ language‚ research‚ strategies‚ writing or other form”; [16] Yale views plagiarism as “the use of another’s work‚ words‚ or ideas without attribution”
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Internationalism is a political principle which advocates a greater political or economic cooperation among nations and people. To what extent should internationalism be pursued? Internationalism is a very controversial topic among many people and may be difficult to come to a collective viewpoint because of the many diverse cultures/religions‚ political views‚ and possibly even economic viewpoints. All of these factors will cause individuals to think and act differently than others‚ therefore
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is it that such a gap in the increase of knowledge occurred? During the Middle-Ages‚ the continent of Europe‚ which had flourished with discoveries earlier‚ fell under the influence of the Roman Catholic Church. Men with an everlasting thirst for power took control over thousands of people in different kingdoms under the Christian flag. In order to avoid riots and treason‚ the Church wouldn ’t allow people to have their own thoughts. Anything or anyone that either questioned the bible or the Pope
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To what extent was Mao’s rise to power a result of KMT weakness? One of the most important leaders of China during the 20th century‚ Mao Zedong remained in power from 1949‚ right after winning the Civil War‚ until his death‚ in 1976‚ becoming the country’s longest serving leader and establishing the political and economic structure that has remained in place until today: the People’s Republic of China. It is essential to point out that Mao’s rise to power was due not only to the existent social
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What Are the Motives Behind Corporate Restructuring? Like a person turning over a new leaf and making a fresh start‚ corporations try to gain a second wind by restructuring. Whether the restructuring takes the form of splitting up a company‚ merging it with another company‚ reorganizing‚ or even taking on a new name‚ the goal is to end up with a more refined‚ more profitable entity. Both successful and failing companies may turn to restructuring to breathe fresh life and fresh profits into the business
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