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Limitations to the Application of Rule of Law The rule of law is defined as the supremacy of law over everybody in a political system....

Political Liberty is the right of an individual to share in the government of his country. The state recognises political right, especially as most of these rights are entrenched in the constitution.

Liberty is the ability or willingness to do something and the power of doing what has been conceived without interference or influence from any other source. However, liberty, as defined above, could be an impossibility for all citizens at the same time.

The euro area is a monetary union. In order to have a monetary union, there must be a situation in which at least two countries share the same official currency. In the euro area, this requirement is met. In other words, more than two countries have the euro as their official currency. Specifically, there are 19 states.

Gross Value Added, known by its acronym GVA, is a macroeconomic magnitude that measures the total value created by a sector, country or region. That is, the value of the set of goods and services that are produced in a country during a period of time, discounting indirect taxes and intermediate consumption.

Zumbi dos Palmares - Biography, History, Brazil Black Slavery ( 1965) Biography of Zumbi dos Palmares Zumbi dos Palmares was the leader of the black resistance...

Zygmunt Bauman (1927-2017) was a Polish sociologist, thinker, teacher and writer, one of the most critical voices in contemporary society. He created the expression “Liquid Modernity” to classify the fluidity of the world where individuals no longer have a standard of reference.

The bankruptcy of Lehman Brothers was one of the most striking of the global financial crisis that began in 2008. In fact, the collapse of this bank is considered, by many analysts, as the starting point of the crisis. However, other banks had already fallen during 2007, although it is true that their size was smaller. One of the most important characteristics of this bankruptcy was that, contrary to what was done in other cases, such as Northern Rock in the United Kingdom, or Bear Stearns in the United States of America, the governments did not allocate public money to rescue the entity from the collapse.

The principle of checks and balances means that each organ of government should exercise control over the other. The objective is to ensure that no organ of government dominates another.

Bankruptcy is an economic situation in which a company, organization or an individual finds itself when, due to the inability to face its debts with the available resources, has to permanently cease its activity.

The term business comes from the Latin negotium, a word formed by nec and otium ("what is not leisure"). It is about the occupation, the work or the task that is carried out for profit. Among the most notorious debates within the economic world, it is worth highlighting the debate that faces those economists who are more in favor of a market economy, and other economists, who demonstrate less confidence in "the invisible hand" of Adam Smith and, therefore, they propose a planned economy model. A very widespread debate across the planet, which, to date, has not found a valid conclusion.

Created in 1834, Zollverein was an economic organization by German termed as a customs union under Prussian leadership. Numerous German states joined forces to create a free trade zone and establish customs tariffs against third countries.

The difference between representative government and responsible governments depends on the nature of the legislature and the relationship between it and the executive. If the legislature is elected by the people, the system of government is representative and this is the ordinary system in all democracies, except in one-party states. In one party states where there is only one officially-recognized political party, there is no real choice between candidates and programmes.

Nigeria – Public Commissions | Nigeria has been operating the presidential system of government since the beginning of the Second Republic in 1979. The 1979 Constitution and the succeeding constitutions of 1989 and 1999 have all provided for a presidential executive in which the President is the locus of federal authority.

Unitary system of government may be described as a government organized under a single central government. A Federal system of government is one in which sovereignty is not confined exclusively to either the central government or the component units, but rather, is divided between them.

Unitary System of Government | The word ‘unitary’ is an adjective derived from the term ‘unit’, which means one. A unitary government is therefore a form of government with one legally recognized government. There is a single central government, which derives its powers from a unitary constitution.

Confederation / Confederal system of government is the type of government in which sovereign states come together as autonomous bodies to form a loose political union in which the central government is subordinate to the components governments.

The presidential system of government is a type of government in which most executive powers are vested in the President who is the chief executive (Head of State and Head of Government). The system was originally derived from the British monarchs of the 18th century who were very powerful.

Presidential system of government is a form of government where there is a separation of functions between the executive organ and legislative organ of government. In this system, all the three arms of government are independent of one another.

The presidential system of government is based on separation of power where the Executive is separated from the Legislature. It can also be regarded as a system where executive powers are invested in one person called the president and in which the Executive arm of government is separated from the Legislature but equal to it.