What Is a Quasi Contract

question 19

Essay

What is a quasi contract?

Understand the nature of market organization and how competition and property rights foster economic efficiency.

Distinguish the effects of market changes on prices and quantities in specific scenarios.

Interpret the implications of the invisible hand concept for economic prosperity and social cooperation.

Realize the importance of competition, consumer choice, and freedom in pricing for the effective operation of markets.

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Definitions:

Fetus

The developing human organism from 9 weeks after conception to birth.

Developing Organism

An organism in the stages of growth and development, including both pre-natal and post-natal development.

Conception

The initiation of pregnancy, marked by the fertilization of an egg by a sperm.

Violent As An Adult

Refers to engaging in or exhibiting aggressive and forceful behaviors during adulthood, often resulting from various psychological, social, or biological factors.