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The State was within its rights to draft its own constitution and to decide for itself what additional powers to extend to the Central Government. Article 370 was designed to protect those rights. [32] According to the constitutional scholar A. G. Noorani, Article 370 records a 'solemn compact'. Neither India nor the State can unilaterally ...
Hedonic damages is a legal term that first emerged in 1985 in the research of Stan V. Smith, who was a PhD student in economics at the University of Chicago. The term refers to damages for loss of enjoyment of life, the intangible value of life, as distinct from the human capital value or lost earnings value.
A map of the disputed Kashmir region showing the areas under Indian, Pakistani, and Chinese administration. On 5 August 2019, the government of India revoked the special status, or autonomy, granted under Article 370 of the Indian constitution to Jammu and Kashmir—a region administered by India as a state which consists of the larger part of Kashmir which has been the subject of dispute ...
Law and economics, or economic analysis of law, is the application of microeconomic theory to the analysis of law.The field emerged in the United States during the early 1960s, primarily from the work of scholars from the Chicago school of economics such as Aaron Director, George Stigler, and Ronald Coase.
The letter claimed that the loss of Flight 370 was in retaliation for the Chinese government's response to the knife attacks at Kunming railway station on 1 March 2014 and part of the wider separatist campaign against Chinese control over Xinjiang province. The letter also listed unspecified grievances against the Malaysian government.
In economics, deadweight loss is the loss of societal economic welfare due to production/consumption of a good at a quantity where marginal benefit (to society) does not equal marginal cost (to society) – in other words, there are either goods being produced despite the cost of doing so being larger than the benefit, or additional goods are not being produced despite the fact that the ...
[1] [2] Economics can be defined as "a social science concerned with the production, distribution, and consumption of goods and services." [ 3 ] The regulation of such phenomena, law , can be defined as "customs, practices, and rules of conduct of a community that are recognized as binding by the community", where "enforcement of the body of ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".