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...
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...
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...
social care services
1.2 assess how perceptions of specific
needs have changed over time
1.3 analyse the impact of legislation,
social policy, society and culture on
the ways that services are made
available for individuals with
LO2 Understand how health and social
c)Is there evidence for market failures or government failures in the provision of public services, merit goods and control of demerit goods in Sub-Saharan Africa? Discuss (30 marks)
Market failure is a circumstance in which private markets do not bring about the allocation of resources that best...
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...
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...
* 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 can do all your shopping from the convenience...
entrance fee; building toll booths to charge for road usage on congested routes
Merit goods - those goods the free market , working through price mechanism provides in limited qualities. They have positive externalities. A merit good has two characteristic:
A. People do not realize the true benefit. For...
"Completion/ Occupancy Certificate" from statutory authorities, wherever required.
Q.2) What are item rates, lump sum & EPC contracts? What are its merits and demerits?
ANS. Item Rates – this contract deals in the measurement of each item of the work as given in the bill of quantities and sum to be paid at...
MODELS OF JUVENILE JUSTICE
Professor Ian O’Connor School of Social Work & Social Policy The University of Queensland.
Paper presented at the Australian Institute of Criminology Conference Juvenile Crime and Juvenile Justice, Towards 2000 and Beyond, Adelaide, 26 -27 June 1997
simple smile, glance, handshake, a pat or even silence form a part of informal communication. It is used by people to transmit casual, personal and social interchanges at work.
(3) What is the importance of eye contact in Non-verbal communication ?
Ans. : Importance of Eye Contact in Non-verbal Communication...
Political factors may also include goods and services which the government wants to provide or be provided (merit goods) and those that the government does not want to be provided (demerit goods or merit bads)). Furthermore, governments have great influence on the health, education, and infrastructure of a...
Eightfold Path.” (Fisher, 2005)
The “Eight Fold Path” of liberation is a way to get rid of the past lives demerits, a way to avoid accumulating more demerits, and a way to earn merits for the rebirth in the next life.
The first thing to do is understand the Four Noble Truths, in doing so it is...
Market failure occurs when freely-functioning markets, fail to deliver an efficient allocation of resources. The result is a loss of economic and social welfare. Market failure exists when the competitive outcome of markets is not efficient from the point of view of society as a whole. This is usually...
Social networks are new way of staying in touch with whole word.
Public sharing of private lives has
With the evolution of the Internet, the life of a normal man in the towns changed from just a mere worker from a social person, an artificial social person, sometimes a natural social person. Internet...
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...
formats have been successful and others busted, still there is no consensus among experts as to what would work where. Each formats has its won merits and demerits, and careful location and assortment planning, accurate consumer insight with efficient supply chain management will remain the corner stones...
victims to participate and lawyers have become too involved in the outcomes of court proceedings. Furthermore, Christie proposes the organization of social systems to both nurture conflict and solve it, and to see that professionals do not monopolize from the outcomes of court proceedings ( Christie, vol...
character flaw, "a disposition to think a little too well of herself," has ample room for exercise when she meets Harriet Smith. Harriet has neither merit nor birth to urge a friendship between herself and Emma (she is a boarder at Mrs. Goddard's school for girls and her parents are unknown), and yet Emma...
externalities, demerit goods, and the lack of provision of public goods.
Governments can utilise various methods to address externalities and demerit goods. Externalities are third party spillover effects, and can be both positive and negative, and can come from consumption or production sides. Demerit goods...
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...
support would be given to any sovereigns who were threatened by reactionary movements.
The Metternich System had its own merit and demerit.
For the merit, the holding of international congresses aimed at checking the growth of revolutionary ideas allowed the Great powers to co-operate...
a. Explain the difference between merit goods, demerit goods and public goods (10
Merit goods, demerit goods and public goods could all cause market failure, which is a
situation where goods and services in a free market are not allocated efficiently. The ways
in which these 3 kinds of goods cause...
RECRUITMENT and SELECTION within the organizations. An objective endeavor has been made to interpret the results of the study and appreciate the merits and demerits of the entire system. The success of any organization depends on its individuals, groups, and work life they have. For the success the management...
through a sign and she is buried secretly without other villagers recognizing.
Female genital mutilation has its own demerit and merits to the initiates and society at large.
Merits include reduction of sexual immorality since sexual urge in women is reduced. After circumcision girls are given husbands...
Although, these developments offer many benefits, some people argue that technology will bring destruction upon earth. This essay will analyse the merits and demerits of technology before a reasonable conclusion can be drawn.
An example of an advantage can be air conditioning/heating which allows humans to...
3. Financial position of the seller
4. Volume of purchases to be made by the buyer.
Merits of Trade Credit
1. The major merit of trade credit as a source of finance is its ready availability.
2. Trade Credit is available on a continuing and informal...
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...
toward obtaining a goal
2. Behavior within a group is influenced by the status of individuals. High-status members enjoy a higher level of rank or social position because of either the formal and informal status systems. How do individuals acquire formal status? How do individuals acquire informal status...
positive externalities the benefit to society is greater than your personal benefit.
Therefore with a positive externality the Social Benefit > Private Benefit
• Remember Social Benefit = private benefit + external benefit.
Diagram of Positive Externality
• In a free market consumption will be...
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...
Organization structure the principle of “Unity of command” violates?
Explain that structure with merits and demerits.
2). Which Departmentalization suits to “Banking Industry”? Explain with merits and demerits.
3). Explain- Principles of Organization.
Q-2 Attempt any two ...
income. So the poor people cannot afford the things in the free market. Also, the producers do not produce merit goods like education, hospital, housing… so the poor people are deprived of the merits goods and thus the rich people become richer and the poor people become poorer. As the consumers do not...
account the private benefit and cost for a good. Besides the marginal private cost and marginal private benefit, there are the marginal social cost and marginal social benefit, which are external. As a result, governments must find responses to try to solve these market failures.
2. Externalities are...
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...
Unit 6 Project- Family Violence Theory
Exchange/Social Control Theory on Family Violence
The Exchange Theory of Family Violence is one that has been found to have a lot of merit in studying family structure and the reasons for family violence. This theory states that people enter...
The school rules are very strict for example: Absentness is excused form a doctor,
Alternatively, family court note. They are assigned a merit and demerit card in which they have to have with them at all times.
In conclusion When it comes to School financing the nation at a whole is crisis due...
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...
to a new country. Personally, I incline towards the former view.
In respect of establishing a minority community, though having its own demerits, merits are also apparent. First of all, their homesick will be relieved if they live with their compatriots. At the same time, contradictions between...
grade you must show that you are able to:
To achieve a merit you must show that you are able to:
To achieve a distinction you must show that you are able to:
P1 explain potential hazards and the harm that may arise from each in a health or social care Setting.
P2 outline how legislation,
what life is and how it should be lived. Educated women can do much to reform the society. Many disturbances in the society is created by those anti-social persons, who were brought up by wrong hands. In modern age, women are going very well in all the fields of progress. They are demonstrating their talents...
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...
you measure the effectiveness of advertisement? Explain.
7. Define sales promotion? Explain the types of sales promotion.
8. Explain the merits and demerits publicity.
Apparel Production Management
1. Discuss elaborately on the product types and organisation of clothing industry.
recordings of their previous matches/performances and analyze their performance. Watching their earlier performances is the best way to understand the merits or demerits of their game. Based on that analysis, they will adjust their strategies for future games.
What is 'present' today will become a 'past' for...
--------------------------------------------3) Explain the performance appraisal process. Describe the performance appraisal
method and its merits & demerits in an organization you are familiar with. Briefly
describe the organization you are referring to.
ESTABLISHING PERFORMANCE STANDARDS
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
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...
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...
Communication is the transmission and interchange of facts, ideas, feeling or course of action. (Leland Brown)
Communication is a social interaction through messages ( Grabner, 1967)
The interchange of thoughts or information to bring about mutual understanding and confidence or...
and Deontological Perspective
Bedrijfsethiek Opdracht 2
The Ford Pinto Case
From a Utilitarian perspective
In utilitarianism, the merit or demerit of an action is entirely determined by the effect it has on everyone affected by the action. An action is deemed morally right if it leads to...
Student politics means the participation and involvement of students in politics. Student politics, frankly speaking, has both merits and demerits according to the way it is directed. Previously student’s participation in politics was for a noble cause and purpose. But we feel terrified at the corrupted...
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...
Homeschooling is a Rising Alternative to “Traditional” Public Education Because the Effect it has on Freedom and Flexibility, Social Interaction, and Academic Success
In light of the educational dilemma, many parents have grown impatient waiting for educational reform and are taking matters...
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...
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...
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...
Using Social Media in the Hiring Process
At first, researchers were amazed by how social networks are used in schools. However, the acceptance of social media in education organizations is no longer a big issue. Currently, much of the attention has been shifted to how social networks are being...
tool = vehicle Decrease = shrink
Only = nothing but Not = anything but, by no means Triumph = success = victory Instrumental & Detrimental Merits and demerits Harmful = Detrimental Up to minute, Up to day, State-of-the-art Important = Vital Critical Crucial Common = Universal Complain = Grumble Dislike...