Explain How Professions Derive Their Ability to Be Self Regulating

question 5

Essay

Explain how professions derive their ability to be self regulating.Briefly discuss the criticisms of the professional self regulating model and measures that have been taken to remedy the problem in other common law jurisdictions.

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Definitions:

Position

An investment holding or the amount of a particular security, commodity, or currency that an investor owns or has contracted to buy or sell.

Stock Index Futures

Are futures contracts where the underlying is a stock index, and they are used by investors to speculate on the future direction of the index's price or to hedge against potential index movements.

Multiplier

An economic factor that quantifies the effect of a change in one economic variable on another, for instance, how government spending affects national income.

Dollars

The official currency of the United States, also widely used as a benchmark and reserve currency globally.