Illustrate the 4th role is the reallocation of resources
Illustrate the 4th role is the reallocation of resources?
Expert
A fourth role is the reallocation of resources comprises provision of public or social goods, such as streetlights, education, national defence and lighthouses. It also comprises government programs which correct misallocation of resources, also it may occur when there are spillover costs or benefits. When spillover costs happen, resource allocation would be more than is socially desirable, because some of the production costs have been passed on to third parties.
Write down the drawbacks of capital budgeting?
The competitive market system is least probable to be allocatively unproductive as a result of: (w) externalities and public goods. (x) cutthroat competition and the outsourcing of low-wage jobs to less grown countries. (y) the underproduction of a go
Illustrate the supply curve and also determinants of supply?
What do you understand by the term internal rate of return?
Illustrate and clarify the economizing problem?
Adam Smith must have emphasized more strongly how his Wealth of Nations drew concepts and inspiration by Richard Cantillon’s Essai. Now today’s perspective that the Wealth of Nations would considered even
Describe unanticipated inflation?
Please help me to solve the problem of economic that is given below: Economists describe economic costs as like: (w) money outlays. (x) accounting cost. (y) opportunity cost. (z) v
Define Dependent and independent variables?
Conception of the “Invisible Hand” by Adam Smith relies on mechanisms like those as underpin: (1) William Stanley Jevons’ “sunspot” theory of business cycles. (2) the biological concept of Homeostasis. (3
18,76,764
1927578 Asked
3,689
Active Tutors
1420040
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!