Archive for category Comparative Law

Law Of Attraction Secret Resources For Money, Wealth And Success

Posted by admin in Comparative Law, Information Law, Law Resources on October 1, 2011

The secret law of attraction for money, wealth and success are not as secret as you think.

Actually, they are staring you right in the face every day, but it is up to you to see it.

Here is an example.

I just watched the film, “I am legend”, and it really put me in a mood.

Here is this guy all alone in a cruel world, with no one to talk to, not even a single soul.

Forget about money wealth and success, let alone trying to apply the law of attraction to achieve it; for these things do not even have a meaning in the world Robert Neville (Will Smith) lives in.

To make things worse, his life is in danger daily. There are creatures around him that want to feed on him. The thought of this gives me the creeps.

But what does he do?

Robert Neville (Will Smith), wakes up every morning, does a full workout, makes breakfast, goes down to his lab, uses his resources there, makes notes, works on his cure for the virus, after which, he goes to the video shop, returns a movie and picks up another. – He even flirts with a dummy in the store. He then gets into his car, goes to the docs, leaves a message on the radio for anyone who could hear him. And so on.

Each day he continues to make a life for himself, with the belief that things will be better. Read the rest of this entry »

, , , ,

No Comments

Short Essay on Comparative Advantage and Trade

Posted by admin in Comparative Law on October 1, 2011

The principle of free trade is based on the law of comparative advantage. The law of comparative advantage states that if countries specialise in producing what they have a relative advantage (lower opportunity cost) then there will be a net gain to society. This essay is an explanation of the difference between absolute and comparative advantage.

Absolute Advantage:

This occurs when one country can produce a good with fewer resources than another. For example if France can produce wine with less resources than the UK, then France should specialise in the production of wine.

· If the UK can produce wheat with less resources then it will have an absolute advantage.

· Therefore UK will specialise in wheat, and France in wine.

· Production will be maximised by each country specializing and then trading, both countries will gain

Comparative Advantage

A country has a comparative advantage over another in the production of a good if it can produce it at a lower opportunity cost. I.e. if it has to forego less of other goods in order to produce it.

· Thus trade between countries can still be beneficial even if one country can produce all goods with less resources. For example a developed country may have an absolute advantage in both computers and cloth. Read the rest of this entry »

, , , ,

No Comments