The third reason is 'human asset specificity' which describes transaction -specific knowledge or human capital developed by specialized training or learning –by-doing. ... By definition a contract is a legal obligation between parties; however, it cannot entirely protect companies from opportunism. ... This is why Apple opted for the 'make' strategy by avoiding complicated integration with third parties and keeping customers satisfied with its products. ... Standard commercial and contract law could not easily "fill the gaps "of incomplete contracts .The t...

• Word Count: 1560
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

These factors are the stem of the conflict between the two parties of the employment relationship (Dufty and Fells 1989: 2). ... For modern society, this unbalanced relationship requires that the "weaker" party be protected, hence labour laws. ... When there has been a discrepancy in the employment contract, from either party, it is known as a breach of contract. ... This can be remedied easily enough, through a third party's rulings, (which both the employer and the employee are required to accept under Australian law) such as civil courts or special labour tribunals, looking up the appr...

• Word Count: 2004
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

Sri Lanka's multi-party political system with regular elections and periodic changes of the government had continued in downfall. ... The descent of the Third World Democracy has been preceding rapid beginning in 1971 onwards with Sri Lanka and the political and economic turmoil being griped by violence. ... Around two-thirds of the coastal districts of the island were affected, mainly in the Eastern, Southern, Northern, and Western provinces. ... These steps were conceived and promoted by the United Nation Party. ...

• Word Count: 2077
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

By 1997, 97 percent of American exporters were small businesses, though small exporters still only accounted for one-third of total United States export sales (Kurlantzick, 2003). ... Small businesses need to also protect themselves against third parties. Third parties can extract pertinent information from outsourced data. Not only do third parties cause deterioration in security, but it is also complicated to recognize a problem with security. ...

• Word Count: 2048
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

He took into account more than just economic factors such as social status and parties as opposed to Marx, which allows for a more in depth explanation of social inequality. ... The economic order in his view constituted three important dimensions to be considered: class, status, and parties. ... Thus, class is defined, firstly through individuals who have a common fate in terms of their life chances; secondly, through securing the same income as they share the same economic interests; and thirdly, through being in the same position in the way they offer their labour power as a commodity to t...

• Word Count: 1481
• Approx Pages: 6
• Grade Level: Undergraduate

First, in the context of privatization, a big-bang approach provides a critical scale of privatized sector in the economy so that the privatized firms will be efficient (Roland and Verdier, 1992) Second, a big bang may increases the credibility of a reform (Lipton and Sachs, 1990) Third, the gradualist alternative gives time to reform opponents to organize themselves and thus invites a more formidable resistance (Krueger, 1993) In addition, in the context of price reforms, a gradual reform is undesirable, because it may induce an intertemporal speculation (van Wijnbergen, 1992). ... Third, it ...

• Word Count: 2154
• Approx Pages: 9
• Grade Level: Undergraduate

The practice of outsourcing, for the purposes of this paper, can be defined as when a company contracts out a business function to a third party located in another country, usually in the developing world. ... One of the main arguments used by political parties, and citizens who are against outsourcing, is that the practice is unpatriotic, as it sends high-paying jobs overseas and virtually eliminates the middle class. ...

• Word Count: 1322
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• Has Bibliography

The ruling communist Party of Cuba continues to limit market reforms to tourisms, nickel production, and a small number of domestic farmers and retail businesses. ... By 1957, Cuba had an advanced health sector providing the lowest infant mortality rate in Latin America (13th lowest in the world), and the third highest number of physicians and dentists per capital, comparable with the Netherlands and higher than in the United Kingdom and Finland. ... In this era, the Cuban and the US sugar economies were tightly integrated, and over half of the Cuban sugar exports went to the US providing ...

• Word Count: 2137
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• Has Bibliography

Political instability is widely recognized as a major factor that hampers the economy development in some developing countries, because the constantly changing politic parties inevitably brings out the constantly changing economy policy, thus it creates the instability of a country's economy. ... Ghana experienced, before its fourth return to multiparty democratic government in January 1993, nine different types of government (three civilian and six military), including a Westminster-style parliamentary democracy, a socialist single-party republic, and several military regimes following...

• Word Count: 1713
• Approx Pages: 7
• Grade Level: Undergraduate

Third we have better Education than so many other countries. ... This policy also was abandoned because political parties did not want to lose votes from the settled immigrants. ... All 5 of Canada's main political parties support Canada's current intake of about 250,000 immigrants per year. ...

• Word Count: 1433
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

Thirdly, the rise of the bourgeoisie created competition for the state sanctioned monopolies, reducing its profit. ... The parties that were affected by enclosure movement were the artisans and merchants. ... The third, and the most applicable, is the incapacity of and/or the unwillingness of the government to suppress the challenges for power. ... A third theory must be brought to this ...

• Word Count: 2051
• Approx Pages: 8
• Grade Level: High School

He proved that free trading benefit both parties and showed how the scales of economy, which result from specialization in manufacturing, improve growth and productivity. ... Third, economist argued that the empirical difficulty of applying trade policies increased significantly by the considerations of general equilibrium. ...

• Word Count: 1260
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

My opinion Although I would agree that speculators have a certain logic in their approach to investment, in practice, the financial market is sometimes subject to information asymmetry, where one party to a transaction has less information than the other. ... Third issue - hypercapitalism Opponents of globalization Removal of statutory restrictions on capital account transactions as a result of economic degulation in both industrial and developing countries, growth of derivative financial instruments which has permitted international investors to assume some risks while limiting t...

• Word Count: 2004
• Approx Pages: 8
• Grade Level: Undergraduate

ECONOMIC"S ESSAY "Discuss and evaluate the proposition that perfect competition is a more efficient market structure than monopoly." Adam Smith said that competitive forces function like an "invisible hand" to ensure that people pursuing individual interests simultaneously serve interest of society. Competition among economic agents would therefore narrow selfish interest of each person in a sociable desirable direction . Therefore perfect competition would lead allocative or economic efficiency. On the other hand monopolies could lead to lower cost due to economies of scale. ...

• Word Count: 2214
• Approx Pages: 9
• Grade Level: Undergraduate

Air industry has been an integral part of globalisation. Like many sectors affected by the waves of global changes, airport industry too have come a long way. Because of factors like deregulation from government, commercialisation and continuous movement of passengers' worldwide, demands on airports...

• Word Count: 2404
• Approx Pages: 10
• Has Bibliography
• Grade Level: Undergraduate

Reforms and Growth After 10 years of failed economic planning, the 6th National Congress of the Vietnamese Communist Party started implementing an economic restructuring reform also known as "Doi Moi". ... Currency devaluation in many neighboring countries exposed Vietnam to increased competition at the same time as export markets for its national products, two thirds of which consist of East Asian countries, were shrinking. ...

• Word Count: 2031
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In the article, "Ability Group,"" in The Wilson Quarterly writes, "The International Labor Organization estimates that 218 million children are working at least part time instead of concentrating on school and that a significant percentage of children who are not in school are simply idle. " Women make up two-thirds of the world's poorest people, but are nearly twice as likely as men to be illiterate (Dao 2012). ... If one person does not pay, the other individuals in the party are responsible for loan repayments. ...

• Word Count: 1739
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate