Peace is a term that has been defined from both negative and positive perspectives. The positive definition is “a state of harmony” and the negative one is “a state existing during the absence of war.”  Broadly defined “peace is the least application of violence and coercion to the individual and to the freedom of access of the individual to cherished values.”  On the other hand, James H. Laue defines “peace not only as a cherished goal sought by all individuals and states but also “a process of continuous and constructive management of differences toward the goal of more mutually satisfying relations, the prevention of escalation of violence and the achievement of those conditions that exemplify the universal well-being of human beings and their groups from the family to the culture and the state.”

Critically examined of these definitions above understand that both negative and positive concepts of peace are very much interlinked to each other. Whenever negative concept of peace means “the absence of war” whereas eradication of poverty, elimination of hunger and establishment of social justice are the valuable sides of positive peace.

Representative APR 391%

Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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