Abigail was shopping in an antique store and was drawn to what appeared to be an antique plate. The antique dealer said the plate was created in the 1800s in England. In reality, the plate was made in China in 2000. The plate was stamped with this information on the bottom. Abigail bought the plate, but then later sued for fraudulent misrepresentation. The court will not rescind the contract because Abigail did not have justifiable reliance since she could have easily discovered the falsity of the seller's claims.The court believe that Abigail should had checked the item properly before she purchase the antique since the maker of that product had provided the necessary information needed and ignorance will not be an excuse.
In the stages of change model, the stage in which a person has a problem but is still weighing the pros and cons of change is called the contemplation stage.
Inside from the contemplation stage, human beings are extra aware of the private consequences of their awful addiction and they spend time considering their hassle. despite the fact that they are capable of don't forget the opportunity of converting, they tend to be ambivalent about it.
Inside the contemplation stage, human beings agree that exchange is essential however do not feel the progressed conduct enough to make the dedication to make the change.
Customers are open to the concept that possibly their conduct is difficult. they're thinking about and mentally weighing the pros and cons of change, however, are not yet geared up to engage.
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Answer:
Advantages of Mixed Economy
- It encourages private initiative.
- There is freedom of choice.
- It ensures that income is distributed equitably.
- It ensures economic development.
- It ensures job security and employment.
- Monopoly is prevented because of the joint participation in economic activities by both the private and public sectors.
Disadvantages of Mixed Economy
- There is more emphasis on profit at the expense of the welfare of the citizens.
- There is usually high level of corruption and mismanagement.
- Wealth is not equitably distributed as there is a gap between the rich and the poor.
- Efficiency hardly occurs in this type of economy because of involvement of the state.
- Exploitation of labour.
Examples of Mixed Economy
- Iceland (57%)
- Sweden (52%)
- France (52.8%)
- United Kingdom (47.3%)
- United States (38.9%)
- Russia (34.1%)
- India – (27%)
- China – (20%)
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