Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
elemis:
Yup ! ;D
Freaked12:
--- Quote from: Ari Ben Canaan on June 08, 2010, 03:16:05 pm ---Yup ! ;D
--- End quote ---
ThankYou so much
But do have a look at 2008 november
it says population in thousands.
Sorry for disturbing
Freaked12:
k
Freaked12:
--- Quote from: aangel42 on June 08, 2010, 03:53:27 pm ---WHAT IS MARKET FAILURE AND WHAT ARE SOME EXAMPLES OF IT????
--- End quote ---
market failure
occurs because
1-Externalities(define with example) and that business doesnt take into account negative externalities because they are only interested in costs and profit.
2-Existence of monopoly(define) and write about how they can exploit consumers with high prices and little money being spent on improvement.
3-Public goods(Define with examples) and that they are either underprovided or not provided at all
merit goods(define) draw a demand and supply diagram with demand curve to the left as it represents low demand as consumers dont know the true worth of goods
4-Demerit goods
(define) with demand and supply diagram with demand to the right as consumers dont know the potential risks of consuming demerit goods
Freaked12:
--- Quote from: aangel42 on June 08, 2010, 04:25:15 pm ---omg thank you so much! +rep! :D
(did you just change your name?)
--- End quote ---
Yeah.
Can You give me a minute
i am writing the answer :)
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