Economic Activity - Law Dictionary Search Results
Home Dictionary Name: economic activityEconomic activity
Economic activity, means in order to determine whether an activity is an economic activity for the purpose of the common system of VAT, 'the activity is considered per se and without regard to its purpose or result, Commission v. Netherlands, (1987) ECR 1471....
market
market 1 : the rate or price at which a security or commodity is currently selling : market price 2 a : a geographical area of demand for commodities or services [seeking new foreign s] b : a formal organized system enabling the transaction of business between buyers and sellers of commodities [a futures ] see also stock market c : a specified category of potential buyers [the youth ] 3 a : the course of commercial activity by which the exchange of commodities is accomplished [the is quiet] b : an opportunity for selling [developing new s] c : the available supply of or potential demand for specified goods or services [the labor ] [the for durable goods] d : the area of economic activity in which buyers and sellers come together and the forces of supply and demand affect prices [studying forces and behavior] ...
Special Economic Zone
Special Economic Zone, means a specifically delineated duty-free enclave, as if it were a foreign territory for the purpose of trade operations, duties and tariffs, having been declared and notified in the official Gazette as a Special Economic Zone by the Central Government. [West Bengal Special Economic Zone Act, 2003, s. 2(l)]Means each Special Economic Zone notified under the proviso to sub-section (4) of section 3 and sub-section (1) of section 4 (including Free Trade and Warchousing Zone) and includes an existing Special Economic Zone. [Special Economic Zone Act, 2005 (28 of 2005), s. 2(za)]Means each Special Economic Zone notified under the proviso to sub-s. (4) of s. 3 and sub-s. (1) of s. 4 (including Free Trade and Warehousing Zone) and includes an existing Special Economic Zone. [Special Economic Zone Act, 2005, s. 2(Za)]Means the area declared by the Government of India as the Special Economic Zones. [Gujarat Special Economic Zone Act, 2004, s. 2(n)]Means an area identified...
Equal opportunity
Equal opportunity, In a spacious sense, 'equal opportunity' for members of a hierarchical society makes sense only if a strategy by which the underprivileged have environmental facilities for developing their full human potential. This consummation is accomplished only when the utterly depressed groups can claim a fair share in public life and economic activity, including employment under the State or when a classless and casteless society blossoms as a result of positive State action. To help the lagging social segments by special care, is a step towards and not against a larger and stabler equality, State of Kerala v. N.M. Thomas, (1976) 2 SCC 310: AIR 1976 SC 490: (1976) 1 SCR 906....
Leprosy cured person
Leprosy cured person, means any person who has been cured of leprosy but is suffering from--(i) loss of sensation in hands or feet as well as loss of sensation and paresis in the eye and eye-lid but with no manifest deformity;(ii) manifest deformity and paresis but having sufficient mobility in their hands and feet to enable them to engage in normal economic activity;(iii) extreme physical deformity as well as advanced age which prevents him from undertaking any gainful occupation. [Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995 (1 of 1996), s. 2 (n)]...
Recession
Recession, a re-grant.A period charaterized by a sharp slowdown an economic activity declining employment and a decrease in investment and consumer spending, Black's Law Dictionary, 7th Edn....
economic duress
economic duress : wrongful or unlawful conduct that creates fear of economic hardship which prevents the exercise of free will in engaging in a business transaction ;also : the defense of economic duress called also business compulsion ...
Existing Special Economic Zone
Existing Special Economic Zone, means every Special Economic Zone which is in existence on or before the commencement of this Act, the Special Economic Zones Act, 2005, s. 2(k)....
abnormally dangerous activity
abnormally dangerous activity : an activity esp. that is not common in or appropriate to an area, that creates a high degree of risk of harm to someone or something despite the exercise of due care, and whose value to the community in the area is outweighed by the risk of harm compare ultrahazardous activity NOTE: Abnormally dangerous activities are subject to strict liability. Abnormally dangerous activity and ultrahazardous activity are sometimes used interchangeably. ...
Public emergency and economic emergency
Public emergency and economic emergency, public emergency within the contemplation of this section is one which raises problems concerning the interest of the public safety, the sovereignty and integrity of India, the security of the State, friendly relations with foreign States or public order or the prevention of incitement of the commission of an offence. It is in the context of these matters that the appropriate authority has to form an opinion with regard to the occurrence of a 'public emergency' with a view to taking further action under this s. Economic emergency is not one of those matters expressly mentioned in the statute, Hukam Chand Shyam Lal v. Union of India, (1976) 2 SCC 128: AIR 1976 SC 789. [Telegraph Act, 1885, s. 5(1)]...
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