Monday, February 13, 2012
-Civil law: The body of law that allows one person or firm to sue a second person or firm for physical or economic damages caused by the second party
-Criminal law: Violation of a specific statute, enacted by the legislature to protect society, which carries penalties such as fines or impisonment
5y +4 (y-2) = -17
"Ideology" was coined by a some French guy named De Stutt de Tracy. It means the study of ideas. This term was made famous by Carl Marx who used it negatively.
The Four Levels of Analysis:
Economics is the study of choices people make due lack of abundance. It's split into two broad categories.
-Microeconomics: The decision making by individuals, businesses, industries and governments
-Macroeconomics: The broader issues in the economy such as inflation, unemployment and national output of goods and services.
Posted by sprinkles at 8:15 AM