Thursday, February 13, 2020
Assignment Example In other words, patents give these inventors the right to keep a monopoly for twenty years. Monopolies are so important in this context because if they did not exist, an inventor would probably not receive any financial compensation for his or her work, since the imitators would steal it and flood the market with copied stuff, making the price collapse along with them. As a result, in a world without patents, a lot less people would invest their time, effort and money required to achieve new things. In order to remedy this situation, the nations all around the world offer inventors monopolies on patents. The result is much quicker innovation; an economic growth much more accelerated and at quicker speeds in the lifestyles. In truth, it is difficult to think about a more beneficial monopoly from the social view of patents (http://www.beginnermoneyinvesting.com/html/examples_of_good_monopolies_.htm). 2. USPS The maintenance of the USPS monopoly is good because provision of uniform subs idized mail service (particularly to remote areas) produces positive externalities that would be underproduced by a competitive market; and ii) provision of conventional mail services lends itself to "natural monopolies" in smaller markets. The USPS does not operate its enterprise in order to maximize profits, as would a conventional monopolist.
Saturday, February 1, 2020
The State - Essay Example There are various characteristics of a State that distinguish it from other forms of political organizations that are discussed below (Flint and Taylor 31). The first characteristic is that a State must possess defined land territory that are known and recognized in all aspects. This means that it must inhabit a certain part of the earthÃ¢â¬â¢s known surface and the boarders are recognizable. The boarders or limits though recognized they can be indefinite, unclear or disputed. The State territory varies with each country as it is with the population that inhibits within these boarders (Flint and Taylor 31). A State is also recognized when there is an enduring resident population regardless of their size. A place that does not have people who reside there regardless of how large it is cannot be defined as a State. When a place is only crisscrossed by migrants or occupied occasionally by researchers or hunters cannot be quantified as a State. From this analysis, a State denotes a hum an establishment that is generated by people to fulfill and serve parts of their specific needs. The people who make up a State do not have to be necessarily homogenous or sharing norms, customs, same language or an ethnic experience. For instance, people living in the United States are made up of varied cultural background and customs but they form a State (Flint and Taylor 31). In addition, another characteristic of a state is the essence of a government, which is an administrative system which accomplishes the functions desired by the population and governs various institutions. A State cannot exist if there is no political organization and it is important in making and imposing public policies. A government is necessary in a State to ensure that people are safe, free from fear, violence, and dangerous encounters with other countries (Flint and Taylor 31). Organized economy is a characteristic of a State which denotes the way people are able to trade with one another. A State has the duty to perform various economic activities regardless of how small or large. This economic system ensures directive of money and supervision of foreign trade even in a situation where activities are organized badly. In addition, a State needs a circulation system which ensures that goods, people, and services are transferred from one location of the territory to the other. This circulation is inclusive of all types of transportation and communication while modern States have sophisticated equipment (Flint and Taylor 31). The other two characteristics are not geographic but within the concept of political science as well as international law and they are sovereignty and recognition. A State must be sovereign which means it holds the highest and complete power within its own boarders and therefore, can make its own foreign and local policies. In essence, it is not inferior or accountable whichever other parts of authority or power. When a State is sovereign it can decide its for m of governance, structure an economic system, and direct its foreign programs. For instance, the states within the State of the United States cannot be sovereign since each one of them is accountable to the Constitution of the country (Flint and Taylor 32). Recognition is an important part of a State since it ensures that it is acknowledged as an international personality or as part of the international community. This means it is nominated into the