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...
and consumption. Markets can fail in regard to externalities in four ways: lack of public goods, under provision of merit goods, over provision of demerit goods, and environmental degradation.
Graph 1 demonstrating MPB and MPC to the individuals participating in the market.
Graph 2 demonstrating...
30 in midsem exam.
1). In which 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.
at Q2 where Social Cost = Social Benefit
The red triangle is the area of dead weight welfare loss. It indicates the area of overconsumption (where MSC is greater than MPC)
Merit and Demerit Goods
Definition of Merit Good: A merit good has two characteristic:
• People do not realise the true...
production sides. Demerit goods are goods that either cause negative externalities, or are goods that governments deem unacceptable for their citizens, for instance smoking and gambling. In the case of negative externalities and demerit goods, when goods are over-consumed as their marginal social costs...
communication includes letters, circulars, minutes etc.
b) There are several merits in written communication. It is precise, permanent, legally valid and it gives sufficient time to think and act. It is also formal in nature.
c) However, the demerits are – it consumes more time, is rigid, may be...
with more luxury. The technology sector has changed and developed many products. 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...
4.3.1 Complete the following table
Reference to obesity/poverty
Situation where resources cannot be efficiently allocated due to the breakdown of price mechanism caused by factors such as monopolies.
Merit goods such as fruit and vegetables aren’t...
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...
, price, utility, quality, durability, availability etc.
2. It is a driving force in decision making:
Advertising helps the consumers to select the best product by comparing the merits and demerits of substitute products. Buyers can make wise purchases and can avoid post...
convection, it claimed that 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...
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 nation.
• Economic factors...
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 based on the rates quoted against each item. In the bill of quantities all the items are described in detail along with the quantities...
, franchise holders, turnkey projects, merits and demerits of multinational corporations. Self-explanatory 2. Social Responsibility of Business and Business Ethics Concept and case of social responsibility.
− Responsibility towards owners, investors,
consumers, community. employees, government...
* 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...
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...
is really a good intervention for citizen thus the obvious solution is that these goods are provided collectively by the government, and then financed through taxation of individual households and businesses.
Thirdly, merit and demerit goods influence the market failure in some ways. Actually...
immigrating 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...
believed to be unethical and unacceptable by many scientists (Bulmer 1982).
In summary, participant observation, as any other research method has its advantages and disadvantages. Despite continuous debates on merits and demerits of participant observation, the method remains widely used in social...
production of negative goods, demerit goods. The government could encourage firms to produce and supply goods with positive externalities by subsidising them. This would increase for merit goods and prices because the firms would have been paid by the government.
In conclusion, although taxation...
Topic: Carbon (Emission) Taxes versus Tradeable Permits (Caps and trade)
Discuss the merits and demerits of each of these policies
Encourages alternatives. A higher price of carbon emissions will encourages firms and consumers to develop more efficient engines...
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...
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...
advertisement and traditionally educational reputation can be viewed as a merit good, creating positive externalities of a more informed and educated society. A more educated society can prevent costs related with health, social benefits and crime. For example, the unbiased news broadcasts on the economy...
giving contracts to private sector firms.
Production and consumption of merit and demerit goods
According to Lipsey (1992), merit goods are those goods that the government compels or encourages people to consume, mainly because individuals are said to be unaware of the true benefits from consuming...
, cigarettes and drugs together with the social effects of addiction to gambling. The consumption of demerit goods can lead to negative externalities.
The government seeks to reduce consumption of demerit goods. Consumers may be unaware of the negative externalities that these goods create – they have...
Information on the workforce 18
The method of performance evaluation to be used 18
The merit-demerit system to be applied 18
The company’s rules and regulations 19
General rules 19
Rules for laying off people 20
Rules for control of finances 21
Efficient and effective communication within...
what are the merits and demerits of using cellphone?
pls let me know?
what are the merits and demerits of using cellphone?
pls let me know?
1.cell phone is necessary to every human beings living in the world bcoz easily contact which ur loved person living in any corner of the world...
decisions made by individuals, groups, or organizations regarding social and economic matters.
Taxes such as changes in VAT and excise duties can be used to raise the price of demerit goods and products with negative externalities designed to increase the opportunity cost of consumption and thereby...
Micro Economics project
An indirect tax is one in which the burden can be shifted to others. The tax payer is not the tax bearer. The impact and incidence of indirect taxes are on different persons.