Political systems and economics Essay Example | Topics and Well Written Essays - 750 words

Political systems and economics - Essay Example The society is viewed as a mesh of different people vying for different interests, that the art of reasoning, ruling and governance among the others, is essential to unify the society to act to a common vote, to pursue a certain interest. It explains how the governing political body and its directives affect the collective behavior of the players in the society Economics' parameters are set on scarcity, the use of incentives, the application of efficient economic tools and models, all to satisfy and suffice human's current and future wants and needs. Economics lies on maximizing and making sound decisions to make efficient use of existing scarce resources. Nothing in life is free, as explained by the concept of opportunity cost. Opportunity cost is the value foregone in pursuit of another activity or good of interest. Everything individuals do has a tradeoff. An individual's Economic decisions are motivated by incentives, a mechanism which motivates decisions and activities. Economics is different from political systems in the sense that, economics could go on forever without laying a hand on it to make it work; and in its continuity, it is only susceptible to its own natural dynamics. Politics now depends on the intervention and control of men. While economics seeks to explain occurrences through long-wearing principles, politics is just mainly an experimental, temporary tool in human affairs. "One (economics) is amoral, the other (politics) is moral" ("Economics versus Politics"). Both political science and economics acknowledges the participants in the society's selfish interests, that, control of which is delivered by laws and punishment in lieu of political science, and motivated by incentives and disincentives in lieu of economics. Economics, unlike political science though, is tackled like one of the exact sciences through the use of models, equations and numerical treatment to explain or forecast the situations governing and a society. ("Economics versus Politics") The book chapter is posing the challenges of the economic environment, and such may be seen as problems to solve, to outwit. QUESTION 2: Feudalism is a socio-political system wherein land and land-based assets determine an individual's social status. Land ownership entitles the owners of the manors-now equivalent to villages-exclusive rights to their lands, spending decisions with their money and other assets and administering homage for their serfs and vassals ("Feudalism and Medieval Life"). Serfs, peasants, vassals and landlords are the primary movers in the social structure and the king played only a representative role in the society. Serfs are the tenants sustained by the landowners. They are at the foot of the social structure. They serve their landowners who are responsible for their sustenance. He's devoid of tangible property and his marriage is subject to the landowner's permission ("Feudalism and Medieval Life"). Vassals are the more privileged than serfs. They have a certain amount of freedom although they live poor lives. They comprise 10-60 families living on a community. Landlords or barons ruled the manors, which pertains to the villages during the Middle Ages. The landlords serve as the local administrator of their lands and numerous serfs and vassals serve and protect him, as he is also accountable to them. Due to the Black Plague, The hundred year war and the

Open university assignment Essay Example | Topics and Well Written Essays - 1500 words

Open university assignment - Essay Example Private bills make up majority of the bills but are rarely passed compared to government bills and there are three ways to introduce a private member bill to the house. The first is where member put names in a ballot once per session and the ones who are chosen are given time to introduce the bill it is referred to as the private members ballot. The second is the Ten Minute rule where members are given ten minutes to outline the proposed new piece of legislation. The third is where standing order 57 where a bill is introduced without debate prior to a one day notice to the table notice (Craig, 2007). A bill goes through several stages before it becomes law; the first stage which is a formality is called the first reading. The second reading is where it is debated and may be voted in or voted out. The committee evaluates the bill clause by clause where further consideration comes. The speaker then decides on which amendments are to be debated. After the house has considered he bill the passage of motion follows and no further amendments are made this is where the third reading comes into play. The bill is read to the house for the third time and it must now be voted by the House of Lords, passage of the bill to one house it is taken to the other house. If the bill is passed by the two houses in similar form it’s then taken for the sovereign assent .The final stage is where the royal gives the assent and the bill becomes law. Delegated legislation refers to la w that is not passed through the act of parliament. The empowering act gives a minister delegated power to pass a law. Delegated law is usually made through signing by the minister or a senior member of the civil service who creates it though in some cases verbal assent from the queen is important. Most of the delegated legislation is created using statutory instrument where it is