Assignment Part 1.docx

Assignment Part 1.docx - ASSIGNMENT ECON649/991 PART 1...

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ASSIGNMENT ECON649/991 PART 1 INSTRUCTIONS You must answer all the questions in your own words. Do not copy from the textbook or any other source. Note: You will be submitting your assignments online and the program checks for similarities between your answers and a range of other sources including other students’ answers. You must stick to the world limit outlined for each question. We will not mark your answer if you exceed the specified word limit. Brevity in expression is an important skill to practice. We will reward clarity of expression. So, spend some time editing your answers. We will provide you with a document that contains all the assignment question, after all the components of the assignment have been released. It is this document that you will submit for marking. We reserve the right to make minor alterations to the questions if this improves the clarity of the question. EXERCISE 1: THE POOREST MAN’S COTTAGE (UNIT 1) ‘The poorest man may in his cottage bid defiance to all the forces of the Crown. It may be frail, its roof may shake; the wind may blow through it; the storms may enter, the rain may enter—but the King of England cannot enter; all his forces dare not cross the threshold of the ruined tenement.’ – William Pitt, 1st Earl of Chatham, speech in the British Parliament (1763). 1. What does this quote tell us about the meaning of private property ? (50 words) Private property means that the owner has full control of the property including: excluding others from their use disposing through making a sale OR give to someone as own desire. It is prohibiting non-owners regardless their power to use the property. 2. Does it apply to people’s homes in the country where you were born ? (50 words) 1
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Thailand applies the same rules of private property when the individual owns the land and property, they have full rights and control towards their own which our king or government can’t take from us regardless changing political situation.
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