The primary focus of ontology is to answer questions concerning entities that exist or those that can be said to exist. The concept also studies the grouping of the existing entities and their relationships within a hierarchy…
Download file to see previous pages...
The basic classes of ontology available include upper ontology, process ontology, domain ontology, and interface ontology.
Ontology focuses on status of reality, which can either be dependent or independent. Independent reality implies that reality does not depend on human interpretation2. Human beings have their own ways through which they interpret various aspects affecting their lives; when their interpretation of life does not determine the definition of reality, philosophers refer to that type of reality as independent reality. Dependent reality, on the other hand, implies that the meaning of reality depends on how human beings interpret the state of being. In this case, human beings are the determinants of how reality is interpreted.
Positivism, as a philosophy of science, posits that the exclusive source of knowledge constitutes information derived from logical and mathematical studies plus the reports of sensory experience. According to the positivists, exclusive knowledge must be based verified data derived from empirical evidence. Empirical evidence refers to facts derived from scientific research as opposed to hearsay. Schroeder and Chester contend that positivists believe that the society operates according to general laws, just like the physical world3.
Positivism subscribes to the belief that the study of the social world is similar to the study of the natural world. The natural world actually exists and its study depends on clearly observable features. Positivists believe that it is possible to understand the casual mechanisms characterizing the political economy just as it is done in physical sciences (Horwitz and Koppl 32)4. The primary objective of positivism science is to discover the universality of the aspects under investigation. For example, if positivists want to understand causes of poor economic performance, they focus on the
...Download file to see next pagesRead More
Midterm Exam 1. How has the oil wealth affected the prospects of democratization in the Arab Gulf? The presence of wealth in the Arab Gulf has affected the gulf politically, economically and politically. Additionally it has affected the state of democracy in its members due to political matters that have come up due to presence of wealth.
The House of Representatives and one third of the Senate members face election every two years. The Democrats are expected to come out the top in the Congress and are posed to win the majority of Governorships, bowling over the Republicans in this year's mid term polls.
The importance of cultural industry is not merely limited to its economic capabilities (which is, of course, relatively strong); but also to the prominent role it has on the making and unmaking of peoples' identities, attitudes, values and lifestyles. The dynamics and complexities of the relationships between culture, creative industries and the political and economic development of societies have gained the attention of theorists and researchers from the mid-twentieth century itself.
In this essay, I am going to look at some of the major economic theories and their assumptions especially on the need and role of government action or involvement in the economy. This analysis is based on a review of john Freebairn of the Australian car manufacturing industry.Markets are generally a system of social arrangements that allow people to gain information regarding goods and services.
Implications of the French revolution remained uncertain before and during its occurrence. However, the aftermath of the whole process could not be hid from the eye of the public and any other party that had been caught up in that process. In a bid to account to account for
With the growing advancements in every field, there have been downsides. Two major factors that are slowly becoming a menace to the world and a cause for concern for authorities are recession and the ever increasing population growth. These two factors have had
In this period, there were those seen as liberals who wanted to see a change in already established political order. On the other hand, the conservative wanted the status quo to remain.
There were fundamental
e is mandated to fulfill effectively, however, in their bid to fulfill this needs, they are always confronted by few and unlimited resources, for this reason, a choice steps in (Gregory & Stuart 2013 35). Economics has several branches that that deal with how this important