Answer: Mitigation of damages
Explanation: The concept of Mitigation of damages defines the action an individual or party who has suffered or incurred a loss arising from a breach of contract should take in other to lessen or mitigate the effect of the contract breach. This will lessen or reduce the loss incurred as a result of the breach caused by the other party. Once there is a breach of contract, Mitigation of damages becomes a duty on the party who has suffered a loss and should therefore, prevent increased 'avoidable loss' caused by the contract breach. Further losses incurred has a result of failure to mitigate damages won't be catered for by the party guilty of the breach of contract.
Answer:
the ten amendments purpose is to protect the citizens of the united states to their rights to property, their natural rights as individuals, and limit the Governments power over the citizens
Answer:
United States Constitution says that if the President becomes unable to do his job, the Vice President becomes the President. This can happen for just a little while, if the President is just sick or disabled for a short time.
Explanation:
Rickets is a deficiency disease in children characterized by defective bone growth.
<h3>What is meant by Rickets: a deficiency disease?</h3>
Children who have rickets have to soften and weakening of their bones, which is typically caused by a severe and sustained vitamin D deficit. Rickets can also be brought on by uncommon hereditary issues. It probably derives from the "twisted" sounding German word "wicked." The English physician's Daniel Whistler (1645) and Francis Glisson provided the first precise descriptions of rickets in the seventeenth century (1650). Rickets symptoms include the small height and slow growth Bone fractures, softening of the bones, aches, and pains in the pelvis, spine, arms, and legs dental malformations, skeletal malformations such as bowlegs, and projecting breastbone.
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Answer:
Prices are often volatile due to inelastic demand. e.g if there is a ‘good harvest’, supply will increase and there will be a fall in the price of primary products. However, because demand is inelastic, this would lead to a fall in revenue.
coffee-supply-price-growers
The volatile price of coffee – can make planning difficult.
Supply can also be volatile due to weather and disease. For agricultural crops, there is always a risk of crop failure, which could cause economic hardship in one particular year.
Limited resources. One day developing economies may run out of its finite primary products, e.g. precious metals could become scarce. Without diversification, this would leave the economy with a void.
Discourages investment in other aspects of the economy. Concentrating on primary products does not always help the long-term development of an economy because it can contribute towards a lack of investment in other aspects such as education and industrial production. Comparative advantage can change over time. It’s important to not just look at the present comparative advantage, but prospects for next 10 or 20 years.
There is a low-income elasticity of demand for primary products. With a rise in global income, there is a proportionately smaller percentage rise in demand for primary products. (agricultural products tend to be income inelastic). Therefore, if you produce primary products, you may see lower rates of economic growth than countries who produce manufacturing goods – which are more income elastic. The Prebisch-Singer hypothesis suggests that countries who concentrate on primary products are vulnerable to a declining terms of trade.
There are 5 points
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