The OFT may then refer the companies to the Competition Commission (formerly known as Monopolies and Mergers Commission). The Competition Commission also plays a major role to investigate the situations which are called 'Oligopoly Situations' which Continue Reading...
The lack of incentives or competitive pressures may lead monopolistic firms to neglect minimizing unit costs of production, i.e., to tolerate "X-inefficiency" (phrase coined by H. Leibenstein). Included in X- inefficiency are wasteful expenditures s Continue Reading...
The reference to Montesquieu (as well as to Smith) in that part of the 'Dissertation' which deals with the 'Progress of Philosophy during the Seventeenth Century' was made just as a digression, and the further development of Jurisprudence by writer Continue Reading...
S. Or European nations. Other Players' Support It must also be made clear that the other oil interests are supportive of the goals of OPEC to increase the price of oil, as they then can demand the same or close to the same prices, based upon market Continue Reading...
Furthermore, when groups began people naturally turned to the group leader for direction and advice. It would be accurate to state that most of the relating was to the group leader at that point. However, by exercising linking behavior, I was able Continue Reading...
Authoritarian Regimes Authoritarianism has been a historically produced phenomenon in reaction to state crises of political order. Its primary feature has actually been elitist dictatorship, with the periodic cult of character. It is a feedback to d Continue Reading...
Certainly, the most powerful demonstration of his approach to protection of his authority and the state against political dissent would come in the form of his uncompromising treatment of rebellion. The enormity and ethnic variations defining the R Continue Reading...
Dopamine is a pleasure inducing chemical that is secreted whenever an individual engages his/her mind in the playing f video games. The New brain research that was conducted years back (Bartholow, Bushman & Sestir, 2006) was the first to show t Continue Reading...
Global Trends and National Security The National Intelligence Council's 2008 report Global Trends 2025: A Transformed World attempts to provide policymakers with a summary of the probable, possible, and plausible changes most likely to affect global Continue Reading...
Communism & Nationalism Communism Communism is a society without money (For Communism) 1, without a state, without property and without social classes. People come together to carry out a project or to respond to some need of the human communit Continue Reading...
Northrop Frye recognized this fact but believed that the satire missed its mark: It completely misses the point as satire on the Russian development of Marxism, and as expressing the disillusionment which many men of good-will feel about Russia. Th Continue Reading...
Coppola's 'The Godfather' was released as a film in 1972, critics were quick to condemn the movie for engaging in a mis-portrayal of organized crime. The simulacrum, it was said, over-emphasized the violent aspects of the traditional criminal social Continue Reading...
It offers a good theory as it emphasizes on the production and export of those items for which a country possesses a comparative advantage. Furthermore, through its focus on the reduction of taxes and tariffs in international trade and the adherent Continue Reading...
Invention of Gun Powder and the Impact it Had on the Chinese Society and Warfare The invention of gunpowder was driven by the quest for unending life. Gunpowder, however, ended up being more or less a death potion, responsible for the development of Continue Reading...
Smith believed this would lead to inefficiency. However, unlike Plato, Smith did not believe that the ideal republic should decide from birth what occupation an individual should follow, rather that the individual must freely choose by his or her o Continue Reading...
Therefore, a country which is able to produce one good with a lower opportunity cost than another country, should specialize in producing that good which will turn into a competitive advantage. However, when assessing this theory at the level of in Continue Reading...
This was due to death of one of its greatest leaders, Aurangzeb early 1709. Leadership was seemingly absent as the last of the old and experienced leaders passed on and the new leaders took over. One of the new leaders, referred to as the nawab of B Continue Reading...
This dance was very powerful as it did scare the European people. They did not fully understand the reason behind the dance and the religion, but they were very clear as to what the apocalypse was and they wondered if the Indians were somehow summon Continue Reading...
The worship of Mazu shares many elements with other types of Chinese folk religions. Mazu was based upon a historical figure and is said to play a protective role over the people in her region; in Mazu's case, she is said to protect fishermen (Lim 2 Continue Reading...
Myth of the First Amendment The concept of "Big Brother" surveying all our actions and censoring what we hear and what we know is something that goes against the very conception of American society. The centuries old fear of control motivates the pe Continue Reading...
Long-Term Ramifications of the Ma Bell Breakup The old Ma Bell was far from perfect, but she deserved her good name. -- Tom Nolle, 2003 Given its prospects, the new Ma Bell looks an awful lot like the old Ma Bell. And that's not a good thing. -- S Continue Reading...
Managerial Economics Get the financial data for a company or organization for five years. From the balance sheet and the income statement for the company or organization develop regression line formulae for each line item and predict those line item Continue Reading...
The session erupted in brawl, and in the end, the vote favored impeachment . This became known as "Bloody Monday." This time, Long's bullying tactics did not work. Long took his case to the people, claiming that his impeachment was a raucous attem Continue Reading...
Revolution of 1958 inevitable? Cuba. This island is known everywhere in the world. Everybody knows such names as Fidel Castro and Che Guevara. Also Cuba is associated with Caribbean crisis, which had frightened both the U.S.A. And USSR. That's all Continue Reading...
interventionism from the perspective of realism vs. idealism. Realism is defined in relationship to states' national interests whereas idealism is defined in relation to the UN's Responsibility to Protect doctrine -- a doctrine heavily influenced by Continue Reading...
While on one hand, the Nile gets the highest discharge from rainfall on the highlands of Ethiopia and upland plateau of East Africa, located well outside the Middle East region; on the other hand, discharge points of the other two rivers, Euphrates Continue Reading...
Sonar Research and Naval Warfare: 1914-1954 During both World War I and World War II, there were a number of informational tactics used by the Navy in order to gain ground on enemy troops. One of those was sonar research, because it provided them wi Continue Reading...
Jewish crime organization as a whole fails to live up to the elements that define organized crime. It certainly is violent, it recruits members, it uses monopolies to retain power, and it is a functional and individual culture. It's firm and unrele Continue Reading...
" The status of the union is not uncalled-for. Making the remuneration impasse worse, strategies fostered by unions have attempted to keep going the idea that "a teacher is a teacher." (Koppich, 2005) Remuneration packets have been futile to apprecia Continue Reading...
" (Githens-Mazer, 2007) 2. Use of Figures Labeled Martyrs in the Contemporary Discourse Regarding the Nationalist Movement The concepts of nationalism and the effects of Nationalism on language are stated to be based on Joshua Fishman's essays enti Continue Reading...
Almost all of the advice or moral guidance given here, such as "In serving his superior the man of honor makes every effort to be faithful when he is in office," is geared towards making things runs smoothly in a practical fashion (Classic of Filial Continue Reading...
life of Sir Walter Raleigh. The writer of this paper takes the reader on an exploratory look at Sir Walter Raleigh and his accomplishments as well as his execution. There were three sources used to complete this paper. THE MAN WITH MANY FACES Thro Continue Reading...
In IBM's case, the Department of Justice found that their efforts were mired in failure. Unfortunately, IBM was so central to the economic operations of Germany and occupied Europe that it was necessary to preserve IBM's role in the economy of Europ Continue Reading...
A favorite target for conspiracists today as well as in the past, a group of European intellectuals created the Order of the Illuminati in May 1776, in Bavaria, Germany, under the leadership of Adam Weishaupt (Atkins, 2002). In this regard, Stewart Continue Reading...
As a matter of fact, by the end of 1980s, Soviet Union ran on these very principles. Kennan criticized the possibilities that Soviets may be involved in invading the pro-Soviet countries with their mind sets and weaken them even if they do not for Continue Reading...
Role of Money in Politics The influence of money on the contemporary politics is enormous and one that cannot be wished away. The role that money plays is as significant as the victory of the party. It has been observed in all the campaigns that the Continue Reading...
It is however as if the United States government was looking for needy terrorists to supply with arms. When Turkey's need was met, Colombia became the leading recipient of arms from the United States. This country is well-known for being an atrociou Continue Reading...
Media in America as the Fourth Estate: From Watergate to the Present During the 1970's, the role of the media changed from simply reporting the news to revealing serious political scandals (Waisbord, 2001). The media's role during Watergate was vie Continue Reading...
In an unprecedented move, Khrushchev denounced many of Stalin's excesses and set about changing Soviet policy towards the developing world. This change, some call it flexibility, was the branch the Soviets offered to developing countries, like Cuba. Continue Reading...
