Relation between Economics and Law

Relation between Economics and Law The study of Law without the knowledge of other related social sciences i.e., Political theory, Sociology and Economics, etc, is incomplete. In any law curriculum the study of Economics and Law and their interaction is increasingly found necessary.As Law influence Economics, Economics also influence Law. As a matter of fact Economics forms the basis of the study of Law. Economics reflects the socio-economic ethos of the country in particular and world in general. It becomes out of date and misleading if the Economic ethos change. But it was proved to be wrong by Dalton. The organisation, industrial structure and performance have changed in the thirty years. E.g.: policy goals, policy instrument, Economic institutions.Economics derives its aims and objectives from the study of man and must derive at least a large part of its methodology from a study of Nature. Legal Economics is a vital part in understanding the interactional dimension of Law and Economics, i.e.,Economics Q & A, IVhow modern Economics can be used to illuminate a number of legal problems. It is not sufficiently realised that the economic analysis can aid our understanding of the Law and how economic factors limit and shape the operation of crime control and legal systems. Economic considerations have varied and widespread effects on the costs and benefits that prospective offenders may expect from crime, on decisions to litigate or to settle out to court, on the significance of legal costs the practical problems of legal administration and the provision of legal services. Law and legal policy help to determine the behaviour of the economy. There are extensive legal constraints on the allocation and the distribution of resources and on labour and housing markets.The social functions of Law are broadly classified into three:(1) Encouraging good behaviour and discouraging bad behaviour.(2) Facilitating the...

How to Talk About Fractions in Chinese

How to Talk About Fractions in Chinese Know that you know your whole numbers in Chinese, you can talk about rational numbers in decimals, fractions, and percents with the addition of a few more vocabulary words. Of course, you can read and write numbers- like 4/3 or 3.75 or 15%- using the universal numerical system in Chinese-speaking regions. However, when it comes to reading those numbers out loud, youll need to know these new Mandarin Chinese terms. Parts of a Whole Fractions can be expressed either as parts of a whole (half, quarter, etc.) or as decimal fractions. In English, parts of a whole are stated as â€Å"XX parts of YY,† with XX being the parts of the whole and YY being the whole. An example of this is saying two parts of three, which also means two-thirds.   However, the phrase construction is the opposite in Chinese. Parts of a whole  are stated as YY 分ä ¹â€¹ XX. The pinyin of 分ä ¹â€¹ is fÄ“n zhÄ «, and is written the same in both traditional and simplified Chinese.  Note that the number representing the whole comes at the beginning of the phrase.   One-half can be stated as either ä ¸â‚¬Ã¥ Å  (yÄ « bn)  or using the phrase construction mentioned above:  Ã¤ ºÅ'分ä ¹â€¹Ã¤ ¸â‚¬ (à ¨r fÄ“n zhÄ « yÄ «). There is no Chinese equivalent to the term one-quarter besides  Ã¥â€ºâ€ºÃ¥Ë†â€ Ã¤ ¹â€¹Ã¤ ¸â‚¬ (s à ¬ fÄ“n zhÄ « yÄ «). Examples of Parts of a Whole three-quarterssà ¬ fÄ“n zhÄ « sÄ n四分ä ¹â€¹Ã¤ ¸â€°eleven-sixteenthsshà ­ lià ¹ fÄ“n zhÄ « shà ­ yÄ «Ã¥  Ã¥â€¦ ­Ã¥Ë†â€ Ã¤ ¹â€¹Ã¥  Ã¤ ¸â‚¬ Decimals Fractions can also be stated as decimals. The word for decimal point in Mandarin Chinese is written as é »Å¾ in traditional form and ç‚ ¹ in simplified form. The character is pronounced as diÇŽn.   If a number begins with the decimal point, it can optionally be prefaced with é› ¶ (là ­ng), which means zero. Each digit of the decimal fraction is stated individually just like a whole number. Examples of Decimal Fractions 1.3yÄ « diÇŽn sÄ nä ¸â‚¬Ã© »Å¾Ã¤ ¸â€° (trad)ä ¸â‚¬Ã§â€š ¹Ã¤ ¸â€° (simp)0.5674ling diÇŽn wÇ” lià ¹ qÄ « sà ¬Ã©â€º ¶Ã© »Å¾Ã¤ ºâ€Ã¥â€¦ ­Ã¤ ¸Æ'å›› (trad)é› ¶Ã§â€š ¹Ã¤ ºâ€Ã¥â€¦ ­Ã¤ ¸Æ'å›› (simp) Percents The same phrase construction used in expressing parts of a whole is also used when talking about percentages. Except for when talking about percents in Chinese, the whole is always 100. Thus, XX% will follow this template: ç™ ¾Ã¥Ë†â€ Ã¤ ¹â€¹ (bÇŽi fÄ“n zhÄ «) XX.   Examples of Percents 20%bÇŽi fÄ“n zhÄ « à ¨r shà ­Ã§â„¢ ¾Ã¥Ë†â€ Ã¤ ¹â€¹Ã¤ ºÅ'Ã¥  5%bÇŽi fÄ“n zhÄ « wÇ”ç™ ¾Ã¥Ë†â€ Ã¤ ¹â€¹Ã¤ ºâ€