Search results
Results from the WOW.Com Content Network
Strict construction requires a judge to apply the text only as it is expressly written, i.e., read perfectly literally. This can contradict the commonly-understood meaning of a law. For example, consider a law that specifies "the use of a knife when committing a crime should be punished by ten years in prison."
The rule of lenity, also called the rule of strict construction, is a principle in criminal law that requires a court to interpret an ambiguous or unclear criminal statute in the way that is most favorable to the defendant.
Within later schools of economic thought, such as the Austrian School, strict adherence to methodological individualism is considered a necessary starting principle. It draws heavily upon assumptions of neoclassical economics , where social behavior is explained in terms of rational actors whose choices are constrained by prices and incomes ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
The Pareto principle may apply to fundraising, i.e. 20% of the donors contributing towards 80% of the total. The Pareto principle (also known as the 80/20 rule, the law of the vital few and the principle of factor sparsity [1] [2]) states that for many outcomes, roughly 80% of consequences come from 20% of causes (the "vital few").
Here we outline the construction process for the case in which the number of sure outcomes is finite. [6]: 132–134 Suppose there are n sure outcomes, …. Note that every sure outcome can be seen as a lottery: it is a degenerate lottery in which the outcome is selected with probability 1.
Whereas Black voted with the majority under strict construction to uphold the state constitutional provision, Douglas and Abe Fortas dissented. According to Douglas, Georgia tradition would guarantee a Maddox victory but he had trailed Callaway by some 3,000 votes in the general election returns.
Public economics examines the design of government tax and expenditure policies and economic effects of these policies (e.g., social insurance programs). Urban economics, which examines the challenges faced by cities, such as sprawl, air and water pollution, traffic congestion, and poverty, draws on the fields of urban geography and sociology.