Friday, February 28, 2020
Business law Research Paper Example | Topics and Well Written Essays - 1500 words
Business law - Research Paper Example There are tones of organizations turning to the arbitration processes whereby majority are avoiding courts and preferring to solve disputes through an arbitrator. Preference of this method of solving legal disputes has left numerous concerns as to whether all these parties are all for it. This is the basis for the choice for the articles below on arbitration, in order to evaluate the process keenly to eliminate any uncertainties pertaining to it as well as provide a scrutiny of what the legal system requires to do so as to enforce arbitration processes and close loop holes that are manifesting in the mechanism and utilize it properly since despite many encumbrances facing it, it is a cost effective procedure that can be very popular among contracting parties. ââ¬Å"Forced Arbitration: Corporations Opting Out of Justice and Fairnessâ⬠and ââ¬Å"Delaware Rapid Arbitration Act to Take Effect in May 2015â⬠are two articles of my choice that will help me scrutinize the process of arbitration and the reasons why organizations are preferring this method of dispute resolution. The scrutiny of these articles will enable me understand arbitration especially that which touches on business organizations and its ability to provide justice to the aggrieved parties. This study will also help identify strengths and areas of improvement in the process in the legal system concerning Arbitration. ââ¬Å"Forced Arbitration: Corporations Opting Out of Justice and Fairnessâ⬠article contends that the contractual agreements giving permission to allow arbitration as a means of resolving conflicts. This contractual agreement is present in many businesses and individuals sign without the knowledge that they have embedded their signature to permit such a process. This is the reason why the article calls the process as a forced arbitration because majority of participant are unaware of
Wednesday, February 12, 2020
The elasticity of demand Essay Example | Topics and Well Written Essays - 1500 words
The elasticity of demand - Essay Example This research will begin with the statement that the sensitivity of demand of a product with respect to changes in its own price is identified as the own price elasticity of demand. To state this alternatively, own price elasticity of demand is defined as the percentage change in demand per percentage change in the price of the product, other things remaining the same. Therefore, the own price elasticity of demand is expressed as the ratio of percentage change in demand and the percentage change in the price of the good in question. So, own price elasticity of demand for the good X with a per unit price PX shall be given by the expression: EPx = (percentage change in quantity demanded of X)/ (percentage change in PX). This can be calculated as either at a movement from a point on the demand curve to another, which is known as arc elasticity or as the limiting value of arc elasticity known as point elasticity of demand. However for changes assumed to be infinitesimally small, so that the movement is not perceptible and it is as if the consumer stays on the same point on the demand curve almost, we use the limiting value of arc elasticity of demand, known as point elasticity of demand. Since for all normal goods quantity demanded varies inversely with price, own price elasticity is always negative, though the extent to which demand varies inversely is not the same for all goods.
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