The merits of electricity are that it provides light, power, heat, and cooling. The demerits of electricity are that it can be dangerous because of the dangers of electrocution, electrical fires, and possibly explosions.
Merits of electricity: Efficient and versatile energy source, easy to transport and use, clean and renewable options available. Demerits: Dependency on fossil fuels for electricity generation can contribute to environmental pollution, electricity infrastructure can be vulnerable to disruptions, and electricity can be expensive for some users.
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Merits of liberalization: It can lead to increased competition, innovation, and efficiency in industries, stimulate economic growth, attract foreign investment, and create more opportunities for consumers. Demerits of liberalization: It can result in job losses in certain sectors, widening income inequality, exploitation of labor, environmental degradation, and vulnerability to global economic shocks due to increased interconnectedness.
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Merits-Everyone is Equal. Demerits-Everyone is Equal.