H.W Essay Example | Topics and Well Written Essays - 500 words

H.W - Essay Example The view incorporating God and man forms the basis of all Lockean theories. John Locke’s major justification of property rights emphasizes effort or labor. In the initial portion of his treatise on property he uses the concept labor to anchor his arguments. However, by the end it is obvious that Locke supports the unrestricted accretion of wealth. The major flaw in Locke’s approach to labor is that in the real world, some people may inherit property, thus being born to ownership and property – the concept of the ‘fruits of labor’ does not arise here. On the other hand, others, often the majority of the population in most societies, may be born into the working class. The inheritor of property often not only owns the property, but also the labor of the worker, as well as the product produced by the worker. Another valid criticism of Locke’s theory concerns his ‘sufficiency’ proviso, wherehe states that individuals can own property only if there is enough to go around. What happens when, as in the world today with its burgeoning population, there are not enough resources to meet even basic needs and there are huge disparities between the haves and have-nots? Next, Locke seems to imply that only those who work can own property – what of people who are physically or mentally handicapped? Finally. Locke also propagates the idea that those who arrive first to make use of unowned land have not just rights over the land, but also the right to bestow ownership of that land to their children. This concept only serves to perpetuate a class structure and emphasize distinctions between those classes. John Lockes theories, and in particular his theory of property rights, must be appreciated in the context of the thinker’s political affiliations. Part of his effort was to justify English colonialist policies as he was

Entrepreneurship Essay Example | Topics and Well Written Essays - 500 words - 7

Entrepreneurship - Essay Example disadvantages of this form of business relates to the difficulty to raise capital and lack of continuity in situations when the owner is absent (Canada-Saskatchewan Business Service Centre, 2011). The other form of business is a partnership, which is commenced by a minimum of two or more individual, who owns and manages the business. The partners share unlimited liabilities of the business, and they run the business together. Some of its advantages relate to the ease of raising capital, and partners are jointly responsible for obligations of the business. However, the business has some disadvantages, which relates to the slow decision making and there is a chance of dispute occurring resulting to dissolution of the business. A corporation is a limited liability business owned by multiple shareholders, who elect the board of directors to run the business. The business is distinct from the owner and they are able to borrow money and sign contracts pay taxes and be sued, while profit is gained from the dividends or appreciation of stock, but they are not liable for the company obligations. Therefore, some of the advantages associated with this business relates to the ability to raise funds through sales of stock, while the shareholders are able to transfer their ownership easily by selling stock. The owner has limited liability; thus, it only covers the value of stock in the corporations. On the other hand, some of the disadvantages relate to the restrictions due to regulations and monitoring by government agencies, thus making it more costly to incorporate compared to other forms of organizations. The profit is taxed by the corporate tax rate, and shareholders’ dividends are not deductible from the corporate income. The limited liability companies are simple, and their liability is limited, thus is allows the entrepreneurs to keep their own assets and finances separate from the business. One of the advantages of the limited liability companies is offering