market failure – merit or demerit goods ? Justify your answer using both economic theory and relevant examples. (25 marks)
Market failure occurs when a free market fails to deliver an efficient allocation of resources. Merit goods are seen to be underprovided by the state whereas demerit goods are seen...
Merits and Demerits of computer
Computer is the revolutionary invention of modern science.This is the age of computer.Computer has become an integral part of our life.We can not imagine our present life without computer.Everything in our life is connected with it.As everything has...
7b) A demerit good is a product or a service that goes against common interest of a population and is related to promoting negative externalities. Examples of demerit goods are alcohol, fast food and cigarettes. All of these are goods that mostly cause problems in health and as a result they are causing...
everyone else . However, along with social devepment, they tend to move to large cities. As a result, life changing affects people changing. In this essay, I would explore the advantages and disadvantages of living in a small community.
In my view, Therese were many merits of living in a small town. Firstly...
of relating such experiences to their parents, they accept and follow the advice presented by total strangers. This has left teens with ‘nonexistent social skills’ for they are more flexible and aware of the virtual space where they can assume a different personality under a pseudonym, which would otherwise...
Merit and demerit goods
Merit goods are also things that are 'good' for you, but unlike public goods they can be provided privately. The problem is that if they are provided solely by the private sector then they tend to be under-consumed, so, again, the government has to step in to correct...
Education serves many different purposes. To attain an elevation of social status, there should be fair play in education. In other words, education should be based on merits. Education, agreed by all at wide, is a right entitled to all humans. Yet, due to several political circumstances, some children...
the interests of the people:
Chief merit of democracy lies in that it safeguards the interests of the people. Real power lies in the hands of the people who exercise it by the representatives elected by them and who are responsible to them. It is said that social, economic and political interests of...
Youths and Technological Advances: Merit and Demerits
TEXT: Daniel 12: 3
The youthful age is the part of life that succeeds to childhood (Webster, 1828). It is the period of time when somebody is young: the period of human life between childhood and maturity. A youth is being said to be Young, Obedient/Obstinate...
can be brought about only through individual treatment. Rehabilitation is also seen as the humane way of dealing with offenders as it looks to their social disadvantages and seeks to offer a 'way out' of the criminal way of life.
牋牋牋牋"Rehabilitation justifies the humane treatment of offenders by looking...
Importance of Human Resource Management
The significance of human resource management can be discussed at four levels- corporate,
professional, social and national.
1. Significance for an Enterprise:
Human resource management can help an enterprise in achieving its goals more efficiently and
This study presents a comparison between hydropower and other forms of energy with respect to economics, reliability and social aspects. It also illustrates the social and environmental impacts of different forms of energy.energy. It also describes the site selection criteria for a hydropower project...
believe merit is a matter of definition. What that definition is though changes geographically as well as socially. I think that many things determine what makes us merit one position more than another such as money, power, precedent, influence, prestige, relationships, or opinions. Merit is decided...
overflow type. raymond mill would be the important products of reraymond the materials following the resources remaining broken .
So what are the merits and demerits with the raymond mill while in the raymond approach?
(1)Sand building machine, jaw crusher and various sand producing tools are all...
study on social enterprises and social entrepreneurship
An indifferent attitude of government and negligence towards the welfare of the society, their poorer strategies towards the socially disadvantage peoples, this led to the emergence of social enterprise and social entrepreneurship...
society classifies people on the basis of social status. Social status is the position occupied by individuals or groups in relation to other individuals in society (Harris and Scott, 1997:28).
Therefore the essence of this essay is to critically analyze social stratification as well as compare and contrast...
1. Discuss the merits and demerits of family businesses?
An enterprise which in practice, is controlled by members of a single family.
A family business is a business in which one or more members of one or more families have a significant ownership interest and significant commitments...
Merits and Demerits of Shakespeare In Preface to Shakespeare, Johnson has shown the merits and demerits of Shakespeare based on the plays he has edited. Here he gives the readers some sound ideas about the virtues and faults of Shakespeare. That Shakespeare's characters have am interaction with nature...
What are the Merits and Demerits of internet
• Shopping: Along with getting information on the Internet, you can also shop online. There are many online stores and sites that can be used to look for products as well as buy them using your credit card. You do not need to leave your house and...
or vice depends on the social conscience at a given time. A bad law is a manifestation of an aberration in a body politic of the conscience of the society.
In every political society it is the law which contributes to its civilized character, but law is the handmaid of social justice, rendering in...
Upward Social Mobility is achievable for all. Discuss in relation to meritocracy and class in the UK.
All societies carry some form of inequality between the people in them, whether this is in terms of income, wealth or prestige (Best 2005:13). This essay will set out to examine how achievable...
Experiences. ... People are using these cards on a vast scale.
study of merits and demerits of plastic money based on experience ...
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Sep 28, 2013 - Study Of Merits And Demerits Of Plastic Money Based On Experience Of People Points: Introduction Meaning/Definition...
Can Merit Demerit System solve disciplinary problems in schools?
Disciplinary problems in schools have been on the increase, particularly in secondary schools. I am posting this problem as I believe many schools are facing these problems. Any system introduced to curb disciplinary problems must be fair...
advantages and disadvantages
of participant observation
Participant observation is a qualitative research method, which originated in the field work of social anthropologists. In traditional ethnographic research, participant observation always took place in community settings over prolonged periods of time...
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Merits And Demerits Of Telivision
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Merits And Demerits Of Telivision
What are the merits and demerits of science?
how science is useful to us?
what are it's diaadvantages...
What are social organizers?
Society is build up by many different individuals. In order for the society to function well, social organizers are one of the most crucial factors. By definition, organizers are the ones arrange things within a particular environment to improve the quality...
Discuss the relative merits/demerits of an agricultural policy oriented to price reform rather than one based upon structural reorganisation "The common market shall extend to agriculture and trade in agricultural products. Agricultural products' means the products of the soil, of stock-farming...
Confucius’ social and political philosophy. After finishing readings of this section, I would like to give reflections that mainly about Confucius’ view on governing and analyze the traditional culture and administration of our country. This essay will present my opinions about the merits and demerits of nowadays...
Title: Is the Use of deception in social science research on human participants justified?
By Noel Matea, University of Waikato, New Zealand, 2011.
The ethical issue in human subjects’ research continues to receive greater attention within the research ethics literature and...
Education is a state of mind that enables individuals to make choices bearing on its merits and demerits, and eventually acquire skills to fulfil that choice. It contributes directly and indirectly to a higher level of sociocultural and economic development that provides sufficient resources...