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Protecting the property rights, strengthening reliability of the contracts allowing
To organise and. To pass these rights, and defining responsibility for
The situations which are not covered by the contract, the law does possible specialisation.
These three elements are necessary, if the society is interested in the best
Use of the initiative and work of citizens, and also the material resources.
At the heart of the stated point of view representation that good laws lies
Considerably facilitate specialisation and an exchange, allowing to use human and
Material resources in the best possible way. Corresponding system
The property rights, contracts and extracontract responsibility generates
Free from the bureaucratic control effective methods of use
Resources. In a context of such laws citizens will have enough stimulus, that
To create - through variety of efforts and transaction - economic system,
Which will be exclusively sympathetic to development possibilities.
This basic statement, as the traditional academic
Thinkers still believe that development springs are purely economic
Achievements - technical progress, accumulation of savings, investments in
The human capital, decrease in transport expenses, economy on increase
Scales of manufacture which actually have secondary value.
One of the mentioned reasons does not explain, why in some countries people more
Are inclined to introduction of innovations, are more economical, work with it
Productivity also are ready to go on it economic risk. Unless we,
Inhabitants of underdeveloped countries, genetically or cultural are not capable to save,
To introduce new, to risk or operate the industry? Or these "reasons"
At all are not the reasons, and represent development as that? And
Can be the effective reason of economic development set is
Legal and administrative institutes which stimulate the technical
Progress, specialisation, trade and investments? The certificates collected in
To the given book, convince us of the last.
Because of bad laws workers both legal, and shadow sectors
Remain only weak, interdependent experts, whose possibilities will be
To remain limited until the state will not give them stimulus,
Necessary for progress, namely - good laws.
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Medical Icons for Vista
has been created to eliminate any misconceptions arising while viewing a medical Web site or using a medical program. The images are available in various sizes and formats.
Vista Toolbar Icons
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Business Icon Set
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Standard Business Icons
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Business Software Icons
bring you a wonderful library of XP-style graphics for accounting software and alike. The set is of fine quality and illustrates the whole world of business.