Elucidate reallocation of resources
Elucidate reallocation of resources?
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Market failure occurs when the competitive market system produces the “wrong” amounts of certain goods or services or fails to provide any at all. Resources are reallocated from private to public use by levying taxes on households and businesses, thus reducing their purchasing power and using the proceeds to purchase public and quasi public goods. This can bring about a significant change in the composition of the economy’s total output.
Write down the external factors which influencing the capital structure?
Elucidate facilitating factors that explain the growth of trade?
Define the term Mixed Economy and also state their advantages and disadvantages?
Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below: Q : Describe two kinds of efficiency Full Describe two kinds of efficiency Full production imply?
Describe two kinds of efficiency Full production imply?
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For the question below, utilize the given information. The market for gizmos is competitive, with an increasing sloping supply curve and a downward sloping demand curve. With no govt. intervention, the equilibrium price is $25 and the equilibrium quantity is 10,000 gi
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