Illustrate the 4th role is the reallocation of resources
Illustrate the 4th role is the reallocation of resources?
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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.
Why are democratic regimes more conducive to economic growth than dictatorship
A positive responsibility played through speculators within a market economy is to: (1) find out price levels for entrepreneurs. (2) predict the quantity at that long run equilibrium would be attained. (3) inform government organizations of consumer p
Describe the duty of bondholders in a bond?
Discussion of a pin factory by Adam Smith focused upon the increased productivity related along with: (w) free international trade as per absolute advantage. (x) specialization and the division of labor. (y) free international trade as per comparative advantage. (z) certainty abo
Patent rights: It is a unique license or right granted to a company or an Individual to make a specific product or utilize a specific technology.
What are the dependencies in U.S. and World Trade?
Is transfer income involved in national income? Explain Why? Answer: No, since transfer income does not effect in the production of services and goods.
Elucidate how Personal income tax is a major source?
Briefly explain the term Earnings per share (or EPS)?
What are the major legal forms of business organization?
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