Political Stability A Big Positive For India Essay

Political Stability A Big Positive For India Essay The relationship between political stability, freedom and economic performance has raised many debates in economic literature in the past decades. There is a commonly perception that the reliable political environment is a necessity condition for economic development, many researchers tried to examine such a perception empirically both in a global and regional context, they suggest that political instability, by creating uncertainties in political and economic environments, distorts economic decisions, including investment, production, and labor supply, and thereby reduces long-run growth. However, much of the empirical literature has failed to find a significant, negative relationship between political stability and growth. In the other hand, democracy is valued independently of its effects on material well-being. Equal participation in elections (voice) and in the evaluation of government officials (accountability) is universally perceived as a precondition for social justice. Stud ying the effects of democracy on economic growth, because it focuses on its material consequences, is often deemed a futile endeavor. The purpose of our paper is to examine the effects of political stability and democracy on economic growth as an indicator of economic performance in the Mediterranean Sea countries .We have used panel data technique to estimate our model for 21 countries in the region during 1996-2004 period. The paper is organized in 5 sections. The next section is review of literature, then we would introduce our model and data collection, in the fourth part the results of estimation have presented and finally we indicate our concluding remarks. What is political stability? The political stability is generally speaking political stability is positive factor for the sovereign ratings. Because of strong mandate, next government will have a better opportunity to execute its policy agenda. Economist conferences today successfully organized the first INDIA FORECASTING FORUM. The conference themed Taking charge in Turbulent Times presented a unique opportunity to hear experts from the Economist Group assess the actions and policies of the new Government during its first 150 days. The conference saw the presence of various business leaders discussing the impact of the global downturn and the policies and reforms required to put their respective industries on track for rapid sustainable growth. The report released by EIU today stated, The Economist Intelligence Unit believes that there is unlikely to be a sudden rush to implement comprehensive liberalizing policies. This is not only because the governments foremost concern is maintaining domestic economic stability in a time of general economic uncertainty, but also-perhaps more importantly-because there remains resistance to reform within Congress and among its core supporters, particularly in rural areas. Indeed, support for maintaining the status quo has risen in some quarters because India has weathered the global recession far better than most countries, bolstering the argument that Indias slow and at times unsteady process of liberalization is in fact a blessing rather than a curse. In short, the reconfirmation of the Indian National Congress as the main governing party means that economic policy will remain broadly consistent with the direction that has been pursued over the past five years. The administrations top priorities will continue to be mitigating the effects of global economic recession on India and delivering populist measures designed to help the common man. MATERIALS AND METHODS Measures of political stability: This study created an index using proxy variables for political stability during 1990-2005. Our purpose is to measure the effect of political instability on growth related variables through this index. This study used the following measures to create the index for political stability in a long period 1990-2005 in selected ten Asian economies at various income levels. Longevity of the government: stands for the number of times the ruling party was changed during the selected period. It indicates the continuity of government policies. When the number of time increase political stability decreases. It indicates that the stability of the government is weakened. How much time a party take to rule over the country. Election density ratio (EDR):- election density ratio =the research period is divided by number of times general election were held. A country that holds several elections in a given period is politically unstable. Higher the value of EDR greater the countrys political stability. Lower the value of EDR the political governments instability is greater. Increase in the number of political parties: The increase in the number of parties or alliances, having at least two seats in the national assembly also indicates political instability. Strength of ruling party: average of the percentage of the seats the majority party that was in power for more terms during the period had in the national assembly. It indicates that within the period, what percentage of the total seats it got in the national assembly. And finally we take the average of the percentage. It indicates the strength of leading party in a country. Military expenditure as a percentage of GDP: military expenditure is an indicator of peace, thus political stability, in a country. We take the change in military expenditure as percentage of GDP between 1985 and 1995 fiscal years for all countries. Index of democratization: it measures the extent of democracy. Higher the degree of competition and participation, higher the level of democratization in a particular political system. Competition is defined as the electoral success of small parties. Percentage of the population that actually voted in this election is used as the measure of the degree of electoral participation. Generally, in middle income developing countries, greater democracy indicates higher instability of the government and less democracy greater stability. Number of persons internally displaced: it indicates that the country is afflicted with internal social political problems. Higher number indicates political instability and less number the political stability. All the above variables of measures which determine the political stability of country are transformed as a one index called index for aggregate political stability. What is the cause of political stability? Political stability is the most important attribute of a modern state, save for liberal democracy. In order to analyses and explain the phenomenon of political stability, this paper draws its statistical data from the Norris cross- national subset. However, it needs to be said that a complete analysis of all the factors affecting political stability can neither be collected nor analyzed. It needs to be said that there are a wide variety of variable that influence political stability. The political stability depends upon the rule of law. Political stability is also dependent on economic aspects. The reason is obvious that people are encouraged to invest and trade when they are confident in the future and few things seem more likely to undermine business and consumer confident than the view of political instability and sudden changes in the economic. Trade is an indicator for how developed the society is; if there are certain goods produced which other countries cannot produce because of their lack of technical advantage. Political stability and economic growth The political stability influences economic growth. It is called politicalization of the economic growth. Institutional framework for economic growth can be facilitated by the social capability, social infrastructure, good governance and rules and regulations. The growth of any country depends upon his political stabilities because development takes place when single partys rules over the country, many ruling parties are object to development in their states. If we want to see the development in our country its totally depend upon the political situation of that country. POLITICS OF INDIA The politics of India take place in a framework of a federal parliamentary multi-party representative democratic republic. India is the worlds largest democracy. In India, the Prime minister of India is identified as the head of government of nation, while the President of India is said to be the formal head of state and substantial reserve power, placing him or her in approximately the same position as the British monarch. Executive power is enforced by the government. It can be noted that federal legislative power is vested in both the government of India and the two characteristic chambers of the Parliament of India. Also, it can be said that the judiciary is independent of both the executive and the legislature. Looking at the constitution, India is a nation that is characterized to be sovereign socialist secular democratic republic India is the largest state by population with a democratically-elected government. For most of the year since independence, the federal government has been guided by the India National Congress (INC). In India the two largest political parties have been the Indian National Congress (INC) and the Bharatiye Ajanta Party (BJP). Presently the two parties have dominated the Indian politics. However, regional parties also exist. The year 1996-1998 was a period of turmoil in the federal government with several short-lived alliances holding sway. The BJP formed a government briefly in 1996, followed by the United Front. Coalition that excluded both the BJP and the INC. In 1998, the BJP formed the National Democratic Alliance (NDA) with several other parties and became the first non-Congress government to complete a full five- year term. In the 2004 Indian election, the INC won the largest number of Lok Sabha seats and formed a government with a coalition called the United Progressive Alliance (UPA), supported by various parties. In the 2009 Lok Sabha Elections, it won agai n with a surprising majority, the INC itself winning more than 200 seats. At the federal level, India is the most populous democracy in the world. While many neighboring countries witness frequent coups, Indian democracy has been suspended only once. Nevertheless, Indian politics is often described as chaotic. More than a fifth of parliament members face criminal charges. Role of political parties As like any other democracy, political parties represent different sections among the Indian society and regions, and their core values play a major role in the politics of India. The government runs by the representatives of the political parties who have been elected through the elections. India has a multi-party system, where there are a number of national as well as regional parties. A regional party may gain a majority and rule a particular state. If a party represents more than 4 states then such parties are considered as national parties. Formation of coalition governments reflects the transition in Indian politics away from the national parties towards smaller, more narrowly-based regional parties. Some regional parties, especially in South India, are deeply aligned to the ideologies of the region unlike the national parties and thus the relationship between the central government and the state government in various states has not always been free of rancor. Disparity between the ideologies of the political parties ruling the center and the states leads to severely skewed allocation of resources between the states. Political issues Social issues. The lack of homogeneity in the Indian population causes division between different sections of the people based on religion, region, language, caste, and race. This has led to rise of political parties with agendas catering to one or a mix of these groups. Some parties openly profess their focus on particular groups and some other parties claim to be universal in nature, but tend to draw support from particular sections of the population. Internal security is also threatened as incidences of political parties instigating and leading violence between two opposing groups of people is a frequent occurrence. Economics issues Economics issues like poverty, unemployment, development are main issues that influence politics. The economic policies of most other parties do not go much further than providing populist subsidies and reservations. Party funding Political parties are funded by contributions from party members, individuals and organization which share their political ideas or who stand to benefit from their activities or government publics funding. Political parties and factions, especially those in government, are lobbied vigorously by organizations, businesses and special interest groups such as trades unions. Money and gifts to a party, or its member, may be offered as incentives. Public financing for parties and candidates during elections has several permutations and its increasingly common. There are two broad categories of funding, direct, which entails a monetary transfer to a party, and indirect, which includes broadcast time on state media, use of the mail service or supplies. According to the Comparative Data from ACE Electoral Knowledge Network, out of a sample of over 180 nations, 25% of nations provide no direct or indirect public funding, 58% provide direct public funding and 60% of nations provide indirect pub lic funding. Some countries provide both direct and indirect public funding to political parties. Funding may be equal for all parties or depend on the results of previous campaigns or the number of candidates participating in an election. Frequently parties rely on a mix of private and public funding and are required to disclose their finances to the Electoral Management Body. Sometimes the political parties collect their funding by forcing or indulging the common people. Economy in India The economy in India is the eleventh largest economy in the world by nominal GDP and the fourth largest by purchasing power parity (ppp). Following strong economic reforms from the socialist inspired economy of a post- independence Indian nation, the country began to develop a fast- paced economic growth. India was under social democratic based policies from 1947 to 1991. Since 1991, continuing economic liberalization has moved the country toward a market- based economy. By 2008, India had established itself as the worlds second fastest growing major economy. However, the year 2009 saw a significant slowdown in Indias GDP growth rate to 6.8% as well as the return of a large projected fiscal deficit of 6.8% of GDP which would be among the highest in the world. Indian democracy: This article is about Indian politics, government and law and relation between them. This article deals with factors correlating the three with each other. India is a constitutional republic consisting of 28 states and seven center-controlled union territories with New Delhi as the nations capital. It is the seventh largest and second most populous country with roughly one sixth of the worlds population, making it the largest worlds democratic country. It is one of the worlds oldest civilizations with a rich and varied cultural heritage. It has achieved widespread socio-economic progress during the last 62 years of its independence. From self- sufficiency in agricultural production to space exploration, India is competing effectively with other developed nations. GOVERNMENT Constitution The government of India is framed according to the constitution. The architects of Indias constitution, through drawing on many external sources, were most heavily influenced by the British model of parliamentary democracy. In addition, a number of principles were adopted from the United States Constitution, including the separation of powers among the major branches of government, the establishment of a supreme court, and albeit in modified form, of a federal structure (a constitutional division of power between the union [central] and state government). The mechanical details for running the central government, however, were largely carried over from the Government of India Act of 1935, passed by the British Parliament, which served as Indias governing document in the waning days of British colonial rule. The new constitution took effect on January 26, 1950 and proclaimed India a sovereign socialist secular democratic republic. With 444 articles, 12 (later 12) schedules, and 97 amendments, it is one of the worlds longest and most detailed constitutions. The constitution includes a detailed list of fundamental rights, a lengthy list of directive principles of directive principles of state policy (goals that the state is obligated to promote, though with no specified timetable for their accomplishment), and a much shorter list of fundamental duties of the citizen. The constitution has fostered an increasing concentration of power in the central government-especially the office of the Prime Minister. This centralization has occurred in the face of the increasing assertiveness of an array of ethnic and caste groups across Indian society. The government has responded to the resulting tensions by exerting authoritarian, albeit constitutional powers. Together with the publics perception of pervasive corruption among Indias politicians, the states centralization of authority and increasing resort to coercive power have eroded its legitimacy. Law commission After independence, the constitutions Fundamental Rights and Directive Principles of State Policy gave a new direction to law reform geared to the needs of a democratic legal order in a plural society. Though the constitution stipulated the continuation of existing Laws pending amendment or repeal, there had been demands in parliament and outside for establishing a central Law commission to recommend updating of the inherited laws to serve the new country. The Government established the First Law commission of independent India in 1955. The ministry of law reviews the commissions reports, consulting with the concerned administrative ministries, submitting them to the parliament from time to time they are cited in courts, in academic and public discourses and are acted upon by concerned government department depending on the governments recommendations. Factors affecting political stability The success of democracy in India defiles many prevailing theories that stipulate preconditions. Indian democracy is best understood by focusing on how power is distributed. Religion Religion is a major cultural influence and also plays an important role in politics. Political party support greatly depends upon religion. The main religions are Hinduism and Islam and many political parties are identified by the religion of their supporters. Unlike religions such as Buddhism, Jainism, and Sikhism, Islam is not based on Hinduism. Many national religious issues are the key points of the success in elections. Caste The caste system crosses religious boundaries to infect both Hindu and Islamic peoples. Hindus have four main castes and hundreds of sub-castes. Many political parties draw supporters from specific caste or sub- caste. Population India is the second most populous country of the world after china. The one billion-plus population has challenged the countrys ability to provide jobs, health care, and education. Slowing population growth has been a major issue for the government. Its not an issue for the government because they think that the votes being produced. Development India is still an emerging country. Making the pace and shape of development a major concern. India began as explicitly socialist nation and continues with a large public sector and many constraints on private enterprise, although the recent government has reduced some of these restrictions. Their reward has been faster economic growth, particularly through the growth of the trade-oriented industry. Some recent governments got removed because economic growth was too low. Regions India is very densely populated. Some advocate splitting some twenty-eight states and seven union territories. International issues The nations success in developing an international information technology sector, recent wars with Pakistan, Indias role in the world economy and world affairs redefined nationalism in India. People generally support those parties who maintain and enhance Indias role in world affairs. Other factors Factors such as education, corruption, womens issues, student politics, and criminalization of politics, leadership strategies and the design of political institutions affect national and local politics. Economic growth: Economic growth is the increase of per capita gross domestic product (GDP) or other measure of aggregate income. It is often measured as the rate of change in real GDP. Economic growth refers only to the quantity of goods and services produced. Economic growth can be either positive or negative. Negative growth can be referred to by saying that the economy is shrinking. Negative growth is associated with economic recession and economic depression. In order to compare per capita income across multiple countries, the statistics may be quoted in a single currency, based on either prevailing exchange rates or purchasing power parity. To compensate for changes in the value of money (inflation or deflation) the GDP or GNP is usually given in real or inflation adjusted, terms rather than the actual money figure compiled in a given year, which is called the nominal or current figure. Economists draw a distinction between short-term economic stabilization and long-term economic growth. The topic of economic growth is primarily concerned with the long run. The short-run variation of economic growth is termed the business cycle. The long-run path of economic growth is one of the central questions of economics; despite some problems of measurement, an increase in GDP of a country is generally taken as an increase in the standard of living of its inhabitants. Over long periods of time, even small rates of annual growth can have large effects through compounding (see exponential growth). A growth rate of 2.5% per annum will lead to a doubling of GDP within 29 years, whilst a growth rate of 8% per annum (experienced by some Four Asian Tigers) will lead to a doubling of GDP within 10 years. This exponential characteristic can exacerbate differences across nations. Indias Economic Growth since 1980 India Economy Growth: The rate of growth improved in the 1980s. From 1980 to 1989, the economy grew at an annual rate of 5.5 percent, or 3.3 percent on a per capita basis. Industry grew at an annual rate of 6.6 percent and agriculture at a rate of 3.6 percent. A high rate of investment was a major factor in improved economic growth. Investment went from about 19 percent of GDP in the early 1970s to nearly 25 percent in the early 1980s. India, however, required a higher rate of investment to attain comparable economic growth than did most other low-income developing countries, indicating a lower rate of return on investments. Part of the adverse Indian experience was explained by investment in large, long-gestating, capital-intensive projects, such as electric power, irrigation, and infrastructure. However, delayed completions, cost overruns, and under-use of capacity were contributing factors. Private savings financed most of Indias investment, but by the mid-1980s further growth in private savings was difficult because they were already at quite a high level. As a result, during the late 1980s India relied increasingly on borrowing from foreign sources. This trend led to a balance of payments crisis in 1990; in order to receive new loans, the government had no choice but to agree to further measures of economic liberalization. This commitment to economic reform was reaffirmed by the government that came to power in June 1991. Indias primary sector, including agriculture, forestry, fishing, mining, and quarrying, accounted for 32.8 percent of GDP in 1991. The size of the agricultural sector and its vulnerability to the vagaries of the monsoon cause relatively large fluctuations in the sectors contribution to GDP from one year to another. In 1991, the contribution to GDP of industry, including manufacturing, construction, and utilities, was 27.4 percent; services, including trade, transportation, communications, real estate and finance, and public- and private-sector services, contributed 39.8 percent. The steady increase in the proportion of services in the national economy reflects increased market-determined processes, such as the spread of rural banking, and government activities, such as defense spending. Despite a sometimes disappointing rate of growth, the Indian economy was transformed between 1947 and the early 1990s. The number of kilowatt-hours of electricity generated, for example, increased more than fiftyfold. Steel production rose from 1.5 million tons a year to 14.7 million tons a year. The country produced space satellites and nuclear-power plants, and its scientists and engineers produced an atomic explosive device (see Major Research Organizations, this chap.; Space and Nuclear Programs,). Life expectancy increased from twenty-seven years to fifty-nine years. Although the population increased by 485 million between 1951 and 1991, the availability of food grains per capita rose from 395 grams per day in 1950 to 466 grams in 1992. However, considerable dualism remains in the Indian economy. Officials and economists make an important distinction between the formal and informal sectors of the economy. The informal, or unorganized, economy is largely rural and encompasses farming, fishing, forestry, and cottage industries. It also includes petty vendors and some small-scale mechanized industry in both rural and urban areas. The bulk of the population is employed in the informal economy, which contributes more than 50 percent of GDP. The formal economy consists of large units in the modern sector for which statistical data are relatively good. The modern sector includes large-scale manufacturing and mining, major financial and commercial businesses, and such public-sector enterprises as railroads, telecommunications, utilities, and government itself. The greatest disappointment of economic development is the failure to reduce more substantially Indias widespread poverty. Studies have suggested that income distribution changed little between independence and the early 1990s, although it is possible that the poorer half of the population improved its position slightly. Official estimates of the proportion of the population that lives below the poverty line tend to vary sharply from year to year because adverse economic conditions, especially rises in food prices, are capable of lowering the standard of living of many families who normally live just above the subsistence level. The Indian governments poverty line is based on an income sufficient to ensure access to minimum nutritional standards, and even most persons above the poverty line have low levels of consumption compared with much of the world. Estimates in the late 1970s put the number of people who lived in poverty at 300 million or nearly 50 percent of the population at the time. Poverty was reduced during the 1980s, and in 1989 it was estimated that about 26 percent of the population, or 220 million people, lived below the poverty line. Slower economic growth and higher inflation in 1990 and 1991 reversed this trend. In 1991, it was estimated that 332 million people, or 38 percent of the population, lived below the poverty line. India Economy Growth Farmers and other rural residents make up the large majority of Indias poor. Some own very small amounts of land while others are field hands, semi-nomadic shepherds, or migrant workers. The urban poor include many construction workers and petty vendors. The bulk of the poor work, but low productivity and intermittent employment keep incomes low. Poverty is most prevalent in the states of Orissa, Bihar, Uttar Pradesh, and Madhya Pradesh, and least prevalent in Haryana, Punjab, Himachal Pradesh, and Jammu and Kashmir. By the early 1990s, economic changes led to the growth in the number of Indians with significant economic resources. About 10 million Indians are considered upper class, and roughly 300 million are part of the rapidly increasing middle class. Typical middle-class occupations include owning a small business or being a corporate executive, lawyer, physician, white-collar worker, or land-owning farmer. In the 1980s, the growth of the middle class was reflected in the increased consumption of consumer durables, such as televisions, refrigerators, motorcycles, and automobiles. In the early 1990s, domestic and foreign businesses hoped to take advantage of Indias economic liberalization to increase the range of consumer products offered to this market. Housing and the ancillary utilities of sewer and water systems lag considerably behind the populations needs. Indias cities have large shantytowns built of scrap or readily available natural materials erected on whatever space is available, including sidewalks. Such dwellings lack piped water, sewerage, and electricity. The government has attempted to build housing facilities and utilities for urban development, but the efforts have fallen far short of demand. Administrative controls and other aspects of government policy have discouraged many private investors from constructing housing units. Liberalization in the Early 1990s Increased borrowing from foreign sources in the late 1980s, which helped fuel economic growth, led to pressure on the balance of payments. The problem came to a head in August 1990 when Iraq invaded Kuwait, and the price of oil soon doubled. In addition, many Indian workers resident in Persian Gulf states either lost their jobs or returned home out of fear for their safety, thus reducing the flow of remittances (see Size and Composition of the Work Force). The direct economic impact of the Persian Gulf conflict was exacerbated by domestic social and political developments. In the early 1990s, there was violence over two domestic issues: the reservation of a proportion of public-sector jobs for members of Scheduled Castes (see Glossary) and the Hindu-Muslim conflict at Ajodhya. The central government fell in November 1990 and was succeeded by a minority government. The cumulative impact of these events shook international confidence in Indias economic viability, and the country found it increasingly difficult to borrow internationally. As a result, India made various agreements with the International Monetary Fund (IMFsee Glossary) and other organizations that included commitments to speed up liberalization. In the early 1990s, considerable progress was made in loosening government regulations, especially in the area of foreign trade. Many restrictions on private companies were lifted, and new areas were opened to private capital. However, India remains one of the worlds most

Policies issues Essay

By watching the video for this assignment I agree that these children are getting abuse and by the environment they come from they will grow up and may follow the steps of their parents. The mother had put a restraining order on the boyfriend. Until she had to call the police cause he kept coming to her house. Her small son was scare and child protector services (CPS) had to get on involve and replace him in a foster home. There are different factors. Some kids are taking drugs because they grew up around their parents or friends doing drugs. There some kids that physical abuse is involve in the family. In the video also addresses Policy implications or recommendations of the crime. Ità ¢Ã¢â€š ¬Ã¢â€ž ¢s also a personal crime. The abuse come from the family itself or someone known by the family. I believe that the abuse effects all young kids. These abuse kids will show depression, anti-social, anger, rebellious, and will lead them to take drugs. Before its misinterpreted wrong it is very important to understand the various kinds of child abuse that does occur. Child abuse is not just rigorously a bodily problem, but it is more than just that. This is what child abuse is; physical violence, verbal abuse, emotional, rape and psychological torment, sexual molestation, and abandonment. It important to see the background of these crimes and see if there is a pattern that were the abuse is coming from. Child abuse is an inexplicable subject to so many people like the courts and child protective service. There is a few children that are found murdered every day from child abuse and nearly millions reports are made every year. REFERENCES: www.futureunlimited.org/pdf/DVintervention.pdf https://www.ncjrs.gov/works/wholedoc.htm

Vocabulary Booster German English

English Deutsch Erklarung UNIT 18 Beispiele Market leader Marktfuhrer someone or something that is winning during a race or other situation where people are competing A company’s sales expressed as a percentage of the total market Short-term tactics designed to stimulate stronger sales of a product The situation in which there is only one seller of a product; a market in a particular product in which a single producer can fix an artificial price. Companies offering similar goods or services to the same set of customers A short and easily memorized phrase used in advertising The division of a market into submarkets according to the needs or buying habits of different groups of potential customers A small and specific market segment; an area or position which is exactly suitable for a small group of the same type Microsoft is a world leader in software design. Market share Marktanteil Promotion, Warenangebot Monopol, Monopolstellung The company has increased its market share. Promotion There was a promotion in the supermarket and they were giving away free glasses of wine. The government is determined to protect its tobacco monopoly. Monopoly Competitors Konkurrenten Werbespruch, Motto, Slogan Marktsegmentierung, Marktunterteilung Nische Their prices are better than any of their competitors. an advertising slogan Slogan Market segmentation City Insurance segmented the market into three by issuing three types of policy. Niche an ecological niche. 1 Differential advantage Turnover Differentialvorteil, -vorzug Umsatz Rezession Perfekter Wettbewerb A factor which makes you superior to competitors in a certain respect A business’s total sales revenue A period during which an economy is working below its potential When products are homogeneous, and there are a great many firms too small to have any influence on the market price, and firms can easily enter and exit the industry Situation in which there is only one buyer Industry in which the efficient existence of more than one producer is impossible; examples include public utilities such as water, gas and electricity, where it would be inefficient to have several competing companies laying their own networks of pipes or cables. When many producers of slightly differentiated products are able to sell them at well above their marginal costs. A concentrated market dominated by a few large suppliers. This is very frequent in manufacturing because of economies of scale and the cost barriers of entering and industry Factors which cause the average cost of producing something to fall as output increases. Large supermarkets have high turnovers (= their goods sell very quickly). The country is sliding into the depths of (a) recession. The two companies are in competition with each other. Recession Perfect competition Monopsony Natural monopoly Monopson Naturliches Monopol Monopolistic competition Monopolistischer Wettbewerb Oligopoly Oligopol Economies of scale Massenproduktionsvorteile 2 Barriers to entry Zugangsbeschrankungen Economic or technical factors that make it difficult or impossible for firms to enter a market or compete with existing suppliers. One in which a market leader can indicate its preferred price to smaller competitors. Dominant-firm oligopoly Cartel Kartell Group of producers or sellers who fix prices and quantities in order to avoid competition and increase profits. This is illegal in many countries, most notably the USA an oil cartel 3 UNIT 19 Innovation Innovation, Neuerung Streuen, aufteilen Fusionieren, verschmelzen, Uberfall, Angriff Designing new products and bringing then to the market To expand into new fields To unite, combine, amalgamate, integrate or join together Buying another company’s shares on the stock exchange, hoping to persuade enough other shareholders to sell to take control of the company A public offer to a company’s shareholders to buy their shares, at a particular price during a particular period, so as to acquire a company To merge with or take over other firms producing the same type of goods or services Joining with firms in other stages of the production or sale of a product A merger with or the acquisition of one’s suppliers A merger with or the acquisition of one’s marketing outlets Combined production that is greater than the sum of the separate parts Team work at its best results in a synergy that can be very productive. The company made a takeover bid for a riva l firm. the latest innovations in computer technology To diversify Many wheat farmers have begun to diversify into other forms of agriculture. They decided to merge the two companies into one. To merge A raid Takeover bid Ubernahmeangebot Horizontal Horizontal, waagrecht Vertikal, senkrecht Rucklaufig, ruckwarts gerichtet Vorwarts, voraus Synergie Draw a horizontal line across the bottom of the page. vertical lines/stripes Vertical Backward Forward Synergy 4 UNIT 23 Printing money and destroying it Setting interest rates, ceilings & floors Commercial banking supervision Controlling the amount of banknotes in circulation Establishing maximum and minimum lending rates, thereby controlling the credit system Ensuring that banks have a sufficient liquidity ratio to allow customers to withdraw their deposits when they want Intervening on foreign exchange markets, buying or selling large amounts of the national currency, to prevent major fluctuations Lending money to a commercial bank in danger of going bankrupt Selling government bonds to commercial banks or buying them back, in order to alter the amount of credit the banks can offer (and thereby alter the money supply) Einkommensteuer Direkte Steuer (nach oben) gestaffelte Steuer Indirekte Steuer Mehrwertsteuer, Umsatzsteuer The tax people pay on their wages and salaries A tax on wages and salaries or on company profits A tax levied at a higher rate on higher incomes A tax paid on property, sales transactions, imports, and so on A tax collected at each stage of production, excluding the already-taxed costs from previous Exchange rates supervision Act as a lender of los resort Open market operations Income tax Direct tax Progressive tax Indirect tax Value-added tax 5 tages Capital gains tax Kapitalertragssteuer Erbschafts- und Schenkungssteuer Reichens teuer, Vermogenssteuer Steuerhinterziehung (legale) Steuervermeidung Abschreibung Abhaltung, negativer Anreiz rucklaufig Konsum, Verbrauch, Verzerr selbststandig Staatliche Sozialversicherung Leistungsanreiz, Vorteil Profits made by selling assets are generally liable to Gifts and inheritances over a certain value are often liable to The annual tax imposed on people’s fortunes (in some countries) Making false declarations to the tax authorities Reducing the amount of tax you pay to a legal minimum Reducing the value of a fixed asset, by charging it against profits Something which discourages an action An adjective describing a tax that is proportionally higher for people with less money Spending money to uy things, rather than saving it; Spending on goods and services Working for yourself, being your own boss A tax on incomes that pays for sickness benefit, unemployment benefit, and old-age pensions Non-financial benefits or advantages of a job A way to delay the payment of t ax to a later time Steuerlich absetzbar Describes expenditures that can be taken away Capital transfer tax Wealth tax Tax evasion Tax avoidance Depreciation Disincentive Regressive Consumption Self-employed National insurance Perks Tax shelters Tax-deductible 6 from taxable income or profits Tax havens Steueroasen A country offering very low tax rates to foreign businesses 7 UNIT 25 Expectations Mortgage Erwartungen, Aussichten Hypothek, Verpfanden Mieten, Pacht Output, Leistung Investition, Anlage Industrielle Jemanden entlassen, feuern demografisch Einschrankung Annahmen Ware, Handelsware Ausgleich, Gleichgewicht Beliefs about what will happen in the future Money borrowed in order to buy a house or flat or apartment Money paid for the use of a house or flat owned by somebody else The amount of something produced by a company, a country, and so on Spending on new machines, factories, and so on Owners or managers of manufacturing companies To dismiss employees Concerning the number of births, deaths, population movements, and so on An absence of luxury and comfort something that you accept as true without question or proof a substance or product that can be traded, bought or sold a state of balance People tend to make assumptions about you when you have a disability. The country's most valuable commodities include tin and diamonds. The disease destroys much of the inner-ear, disturbing the animal's equilibrium. Rent (Country’s) output Investment Industrialists Lay off Demographic Austerity Assumptions Commodity Equilibrium 8 Exchange Tauschen exogen Information Ressourcen, Mittel when you give something to someone and they give you something else They were given food and shelter in exchange for work. Exogenous Information facts about a situation, person, event, etc a useful or valuable possession or quality of a country, organization or person I read an interesting bit/piece of information in the newspaper. The country's greatest resource is the dedication of its workers. Resources 9 UNIT 27 Visible trade Invisible imports and exports Barter or countertrade Balance of trade Warenverkehr, sichtbarer Handel Inlandische Dienstleistung an Auslander, unsichtbarer Handel Tauschhandel Handelsbilanz Zahlungsbilanz Trade in goods Trade in services (banking, insurance, tourism, and so on) Direct exchanges of goods, without the use of money The difference between what a country receives and pays for its exports and imports of goods The difference between a country’s total earnings from exports and its total expenditure on imports The (impossible) situation in which a country is completely self-sufficient and has no foreign trade A positive balance of trade or payments A negative balance of trade or payments Selling goods abroad at (or below) cost price Imposing trade barriers in order to restrict imports Taxes charged on imports Quantitative limits on the import of particular products or commodities Balance of payments Autarky Autarkie, wirtschaftliche Unabhangigkeit Ubersch uss, Mehrbetrag Defizit, Verlust, Mangel Preisunterbietung Protektionismus, Schutzzollpolitik Tarife, Zolle Quoten Surplus Deficit Dumping Protectionism Tariffs Quotas 10 Infant industries Kleinkinderbranchen UNIT 29 Market opportunity Marktchance Menschen mit hohem Eigenkapital risikoscheu Borsennotiert, notiert Gebuhr, Entgelt, Honorar Eigenkapital Laufende Kosten, variable Kosten Marktdurchdringung Aufsichtsratsmitglied The possibility of providing a new product or service to satisfy particular needs People with a lot of money at their disposal Describes investors who do not want to take risks with their money Describes companies whose shares are traded on the stock exchange Money paid to professional people for a job of work done Another word for stocks or shares: a company’s own capital The day-to-day expenses of operating a business. The attempt to increase or maximize sales, and get a large number of customers Directors who do not work full time for a company, but advise it about strategic issues Individual consumers, households, companies, organizations, etc. Vorausschau Seeing what will happen in the future To do what you prefer to do, at the lowest High net worth individuals Risk averse Listed Fee Equity Running costs Market penetration Non-executive directors Economic agents Foresight To maximize utility 11 possible cost Expectations Erwartungen, Aussichten Existenzgrunder Wachsamkeit, Aufmerksamkeit Unwissenheit Bewusstsein What people think or anticipate will happen in the future A person who starts a business Being quick to see, understand or act in new situations Not knowing about something Knowing or being conscious of something Entrepreneur Alertness Ignorance Awareness 12

Antigone Essay On Civil Disobedience - 1190 Words

What is Civil Disobedience The refusal to obey an unjust demand for a moral belief and the refusing of the violence that may occur, are fundamental for civil disobedience. As civil disobedience is to peacefully reject a law, strong set of opinion, or something not fair. Civil disobedience can be found any where from a fictional greek story, to a real life actor who cares about the safety of the environment, to an ordinary person living their life. Antigone is disobeying a man’s law, which was established by her uncle and ruler Creon; for one of her moral beliefs. Her reasoning is that of her two brothers whom’ ultimately killed each other, one of which was buried with a full funeral ritual. While the other brother suffered being left†¦show more content†¦Woodley wrote a speech after being taken into custody, â€Å"The way to heal is with love and empathy and compassion†; woodley was peacefully protesting for the safety of the Standing Rock Sioux reservation against Energy Transfer Equity Co-Founder CEO Kelcy Warren who was working under President Trump for the pipeline project. She used her words and actions against the will of obedience for a moral belief, which concluded in an unjust arrest. Not every act of civil disobedience can be taken into account, as its the people involved, the situation, and why is it happening. One act of civil disobedience that was never really taken into account is t hat of an ordinary person, who’ never had any kind of impact on the world. For this story, im dwelling into my past. When i was a baby, my parents split up. My mom tells me, that my dad never really wanted much to do with me. So drastically, that one day, my mom lied to my dad; as she found him at the bar and set me down on the floor in my little baby carrier. She then told my dad that it was his day to take care of me, as it was in the terms they set up in court. My mom left claiming she had running to do, little did my dad know that was all a test and my mom did all her running with me earlier that day. 15 minutes later, im still sitting on the bar floor with my dad; until my mom comes in grabbing me. Putting her moral belief to get me out of thatShow MoreRelatedCivil Disobedience in Antigone and Trifles Essay1096 Words   |  5 PagesCivil Disobedience of Antigone and Mrs. Hale Civil disobedience is the purposeful violation of a law to show that it is unconstitutional or morally defective. In the plays, Antigone and Trifles, the female main characters commit an act of civil disobedience. The plays are respectively written by Sophocles and Susan Glaspell. 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