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Thomas Hobbes | Of the Natural Condition of Mankind as Concerning Their Felicity and Misery; Of the First and Second Natural Laws and of Contracts
Hobbes first discusses the state of war in which men live before a common power can bring them together in civil society. By virtue of the natural and fundamental laws of nature, peace and cooperation can be attained only when man is willing to renounce a right to benefit someone else. A contract is the mutual transferring of right. Only then can lawful and just civilization develop.
-When men desire the same thing, according to Hobbes, they become
Annual Review
A comprehensive evaluation or analysis of a company's activities and financial performance over a one-year period.
Net Income
The income a business retains after subtracting all costs and taxes from its gross revenue.
Equity Method
An accounting technique used by companies to record their investments in other companies, reflecting the financial performance proportionally in their own accounts.
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