The primary distinction between the two is that Confucius places a greater emphasis on the value of developing one's knowledge in addition to loving and respecting one's fellow humans.
While Lao Tau places a strong emphasis on the value of cultivating inner peace and achieving a sense of equilibrium in one's life,
This is further explained below.
<h3>What is
Confucius?</h3>
Generally, Confucius was a Chinese philosopher and statesman who lived during the Spring and Autumn era. He is widely regarded as the most illustrious of all Chinese wise men and women. The teachings and philosophy of Confucius continue to have a significant impact on culture and society in East Asia, especially in China and other parts of East Asia.
In conclusion, Confucius stresses the value of loving and respecting people together with increasing knowledge, which is the major distinction between the two.
Lao Tau, on the other hand, emphasizes the importance of achieving balance in your life and inner tranquility.
Read more about Confucius
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Answer:
TRUE
Explanation:
The Coase theorem states that when transaction cost are low, two parties will be able to bargain and reach an efficient outcome in the presence of an externality.
The Coase Theorem also states that when conflicting property rights occur, bargaining between the parties involved will lead to an efficient outcome regardless of which party is ultimately awarded the property rights, as long as the transaction costs associated with bargaining are negligible. If trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights.
Answer: Option (D).
Explanation: Uncertainty is a condition where there is no knowledge about the future events. The key difference between risk and uncertainty is that uncertainty refers to not knowing possible outcomes or their probabilities while risk can be measured and quantified, through theoretical models. Risk is the potential for uncontrolled loss of something of value while Uncertainty is a potential, unpredictable, and uncontrollable outcome, risk is an aspect of action taken in spite of uncertainty.
Answer:
Yes
Explanation:
because parents are the main source of strength and determination of young individuals. They tend to strive harder if they knew that there parents are always there to support them.
