Assess the role of law, and determine its importance,compare key Essay - 1

Assess the role of law, and determine its importance,compare key arguements in the writting of thomass hobbes and john locke - Essay Example While such rules of conducts may be developed and applied differently by different societies, the objective is simply the same; to protect the fundamental rights of individuals within the society (Grant, 1987 p12). Therefore, this essay will argue on the role and importance of law, as advocated for by two different scholars, namely Thomas Hobbes and John Locke. The prime essence of law in the society is to regulate social behavior (Brown, 1965 p7). Without laws, it could be difficult to regulate the social behavior of individuals, since people vary depending on their natural abilities, social orientations, cultural foundations and generic makeup. Therefore, it is natural that some individuals in any society are weaker than others, and thus needs to be protected from exploitation by the other individuals who are dominant in various aspects (Tarcov, 1984 p11). However, according to Thomas Hobbes, who was a renowned English philosopher, the major problem that exists in the world is that of establishing political and social order (Dietz, 1990 p114). Therefore, the fundamental question regarding social interaction is on how people can live together, without the danger and fear of conflict. This forms the basis of his Moral and Political Philosophy, which postulates that to realize peaceful coexistence in the society full of undue danger and fea r of conflict, people should give their obedience to an unaccountable sovereign, which could take the form of an individual or a group that is vested with the powers of deciding on the political and social issues facing the society (Collins, 2005 p45). This point to the inevitable need for some form of law that is vested on certain social institutions, which have the powers to interpret and apply the laws for the common benefit of the society and al individuals, who have committed their obedience to such institutions. Thus according to Thomas Hobbes, the need for law in the society stems from the fact that

Using Economic Theories to Analysis Apple Inc Essay

Using Economic Theories to Analysis Apple Inc - Essay Example The behavioural process of consumers, suppliers and other business stakeholders of a firm can be thoroughly assessed with the help of appropriate economic theories (Heracleous, 2013). This report aims to interpret commercial success and failure of the famous multinational company of Apple Inc. For making the analysis, the researcher will use theories of economics such as, that of demand and supply, consumer behaviour, absolute advantage, rational choice and market structure (Hutt and Speh, 2013). It is highly rational to conduct this type of a research because the researcher will finally provide specific recommendations based on the analysis, that will help the company rectify few of the business problems. Apple Inc. is a publicly traded company founded in 1976, situated in California. The company engages in providing computer hardware and software products. Popular products of the company comprise iMac, iPhone, iPad, iOperating system and iTunes. At present, the company headquarters is located at Cupertino, California in the United States. The company conducts operations in almost all world economies. The organization was founded by three proficient business leaders, namely Steve Jobs, Ronald Wayne and Steve Woznaik (Apple Inc., 2012). It was estimated that in 2010, the organization owned over 425 retail stores across different marketplaces. The company provides services through both online and offline selling means. In 2012, the net income of Apple Inc. was estimated as US $ 41.733 billion, but in 2013, it was astonishing to note that income of the company had declined to US $ 37.037 billion (Hutt and Speh, 2013). However, the organization experiences huge scale and scope of trade a nd recruits over 80000 skilled workforce around the world. Though the net income or profit is falling, yet the company appears to experience increasing revenue. The revenue of Apple Inc. in 2012 was US$ 156.508 billion, which had increased to US $ 179.91 billion in 2013 (Apple