ECONOMIC SYSTEM Economic system is referred to as the analysing of the economy, looking at the causes and consequences of a certain institution differing and also looking at developed, developing, emerging and transition economies, as well as what they are willing to do and the proposals for their reforms. (Retrieved from http:www.journals.elsevier/economics-systems) There are four main types of economic system that exist globally, which is mixed economy, command economy, market system and traditional
DIFFERENCES BETWEEN THE FORMS OF GOVERNMENT (PHILIPPINES AND SPANISH) Over time, the forms of government of the Philippines and Spain changed which led to many differences. One is of which the Spanish government being an absolute monarchy, though using a colonial government on colonies. On the other hand, present day Philippines is currently under a democratic government wherein most of decisions are made through voting. These include who become presidents, vice presidents, senators, mayors, etc
Introduction There are three types of economic system which are practiced in this world. They are: i) Command economic system ii) Market economic system iii) Mixed economic system Command economic system Command economic system is a system where the government decides what goods should be produced, the amount should be produced and the price at which the goods will be offered for sale rather than the free market. The command economy is a key feature of any communist society. For example, the
JUDICIAL REVIEW IN INDIA Meaning Judicial Review is the power of the judiciary to review the actions taken by the legislature and the executive organ of the government and decide whether or not the actions taken by the legislature and the executive are in conformity with the Constitution. If the enactments done by the legislature and the executive are found unconstitutional then the judiciary has the power to declare those acts illegal, unconstitutional and invalid ( null and void) after which they
INTRODUCTION In order to get the understanding of trespass to person, we first need to get through the tort of trespass. When we think about trespass, the first thing that probably came to our mind is a sign board on our house or our neighbour house or garden reading trespassers should be prosecuted. We generally get the idea of a stranger sneaking around in the private premises or overgrown garden of an estranged, mysterious neighbour. Trespass is one of the ancient forms of action that arouse under
The issue of climate change has provoked much controversy lately. While some people believed that climate change is simply the natural warming and cooling variations in climate system, it seems that human activity is contributable to that phenomenon, especially to the extent of greenhouse effect. Greenhouse effect is known as a naturally occurring process that aids in heating the Earth's surface and atmosphere. In actuality, it is undeniable that the enhanced greenhouse effect is mainly caused by
Abstract – Virtual water is defined as the water used in the production process of an agricultural or industrial product. The concept of virtual water has major implications on the global trade policy and research and has the potential to redefine the future of water policy and management across the globe. This paper gives an introduction to the concept of ‘Virtual water’, methods to quantify virtual water, discussions on the possible benefits and implications of public policy. Also two cases on
Diplomacy is the profession, activity, or skill of managing international relations, typically b a country’s representatives abroad. Diplomacy was describe using two words with similar meanings, bilateral and multilateral. In the sense of bilateral it involved two countries at once and the main country would send a diplomatic representative to a host country. “During the French revolutionary period (1789-1815) the people agreed to be part of three or more parties with the government in Vienna in
Common Law system Vs. Civil Law system The civil law system and the common law system are indeed two diverse legal systems. Most countries nowadays go with one of the two main legal structures: common law or civil law . Before starting the comparison of those two major legal system, we need to know what is law and why is it important to us. Law has many diverse definitions, but they are all based on the same perception which is the comprehension of enforceable guidelines that guides the relationship
INTRODUCTION Administrative law recognized as a separate branch of legal discipline in the middle of the 20th century in India. Today, the administration plays important role and impinges freely and deeply on every aspect of an individual’s life. So, administrative law has become a key area for study and research. Administrative law has remarkable social function to carry out. Without appropriate administrative law any society would die. Administrative law is body of reasonable limitations and affirmative
SHOULD THE UK ADOPT WRITTEN CONSTITUTION? What is a constitution? What is an unwritten constitution? What is a written constitution? Constitution are codes of rules which aspire to regulate the allocation of functions, powers and duties amongst the various agencies and officers of the government and to define the relationship between these and the public. The agencies and the officers of government are the three organs of government; Executive (executers of the law), Legislative (makers of
A recent judgement of the court involving the manager of a football club has sparked a lot of public interest and criticism. The court held that the manager, Alex Ferg could not hold a maintainable suit against the defendants as it involved multiple pharmaceutical companies. The works of Ernest Weinrib, a law professor at University of Toronto who developed the theories of private law were cited. Private law is an area of law which deals with private relationships between individuals including
Forgive the cliché, but “All the world's a stage, and all the men and women merely players”. These words in ‘As You Like It’ portray life in the most theatrical way. Though Shakespeare was a maestro of scripted plays, I find his words make better sense in association with improvised theatre. Interestingly enough, amongst all the courses I took during my undergraduate degree in Economics, the class that inspired me the most was one on Improvisational Drama. What started as an easy fulfillment of
The Human Rights Act 1998 protected the fundamental rights and freedoms, including some rights which are absolute that cannot be interfered with by the state, as well as other rights which governments might derogate if necessary under Section 14 of the Human Rights Act 1998 (Genn 2014, p. 19). Absolute rights are where the government can never take away or withhold these rights. For example, the right to protection of life under Article 2, the right to freedom from torture or inhuman or degrading
the steps in the administrative process from the agency’s and the citizen’s perspective when a government agency proposes a rule or regulation. What would you recommend Roc do in response to the FDA's proposed rule? Before an agency can begin rulemaking proceedings, it must be given jurisdiction by congressional enactment in the form of a statute. In other words a proposed rule begins with a summary of the issues and it also states why the rule is necessary. Afterwards the agency has to determine
percent of workforce during World War II. There was 4.3 million local and state civil service workers in 1950, and approximately 19 million in 2004. Almost, if not all, of this growth was military related. Bureaucrats Describe the process of rulemaking. Rulemaking is very similar as legislation and is known as “quasi-legislation.” Congress often delegates lawmaking to different administrative agencies. Rules issued by government agencies issue particular indications of what
first group of factors refers to the legitimacy of the rules and process. A given rule or law’s legitimacy suffers if nonmember states do not generally accept or apply it coherently. Usually nonmember states do not participate in the process of rulemaking. Therefore the way in which the EU rules are transferred and communicated is relevant for the adoption of the established rules. EU must engage the target states in a deliberative process which pays attention to their concerns and need when it comes
Discuss the difference between private and public law. (100-200 words) Private law and public law are terms that are used to distinguish between theories of law. Private law is a segment of law that governs the relationships and disputes between the private citizens of the country. This branch is responsible for regulating the peace between the citizens of the state, including private companies. Private law is also known as Civil Law and covers areas such as: Contract law or law of obligations
Another set of approaches to consider are rule-based regulation and principles-based regulation. What are the strengths and weaknesses of both regulations and how can we apply them to this growing financial technology? Principles-based Regulation (PBR) vs Detailed Rule-based Regulation Principles-based regulation sustains the current rigorous regulatory environment for UK financial services. The regulator’s approach to supervision relies increasingly on principles and outcome-focused rules rather
Alcohol is the most common drug in Tonga today. In comparing to the past, underage drinking alcohol is a major problem. The number of death due to underage drinking alcohol was not much compared to what we have in Tonga today. Civilization world comes and teenagers are now drinking alcohol. The number of underage teenagers is increasing and so as the number of death. So nowadays in Tonga, the underage (under 21) drinking alcohol is one of the main causes of death in Tonga. We should prevent younger