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What are some determinants of individual supply?
The price of the product, the price of input goods that are used to make it, the state of the industry's technology, government taxes and subsidies and expectations about the future market price of the good.
What are the Pros and cons of agricultural subsidies?
Pros: - Subsidies would allow for farmers to compete with low-priced foreign imports - Subsidies would keep the cost of goods down - Subsidies would help farmers maintain a steady income, helping to protect them from variations in year-to-year income. (Such as a bad growing year. Some years, there are fewer crops that are produced, be it due to poor weather or other factors, and these loss of crops would dramatically harm a farmer's income. Subsidies would help make up this difference. Cons: -It costs a fortune (remember, we are in $14 trillion in debt) -Subsidies tend to go to larger farmers, who would not be threatened as much by a bad growing year. -subsidies would go against the free market
What are some complementary goods for shampoo?
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What are some effective solutions to address the free rider problem in public goods provision?
One effective solution to address the free rider problem in public goods provision is through government intervention, such as implementing taxes or subsidies to incentivize individuals to contribute towards the provision of public goods. Another solution is the use of collective action mechanisms, such as forming community agreements or organizations, to encourage individuals to cooperate and contribute towards the provision of public goods.
Explain why a government budget is very difficult to balance?
List some examples of government subsidies.
What are the public sectors?
These are the organisations where everything is owned and controlled by the government (or local government). These don't produce anything instead provide services. there are some goods like merit goods and public goods which are better provided in public sector.
What are public sectors?
These are the organisations where everything is owned and controlled by the government (or local government). These don't produce anything instead provide services. there are some goods like merit goods and public goods which are better provided in public sector.
What are some synonyms for the term 'subsidies'?
Some synonyms for the term 'subsidies' include "aid," "allowance," "fellowship," "grant," "bonus" and "scholarship." Other less-common terms for subsidies include "tribute," "alimony" and "indemnity."
What are the advantages of having insurance when exporting goods?
Some advantages of having insurance when exporting goods are: It helps reduce the risk of repayment, helps one export to new countries with confidence, it also increases the business cash flow.
What are some determinants of individual supply?
The price of the product, the price of input goods that are used to make it, the state of the industry's technology, government taxes and subsidies and expectations about the future market price of the good.
What are the Pros and cons of agricultural subsidies?
Pros: - Subsidies would allow for farmers to compete with low-priced foreign imports - Subsidies would keep the cost of goods down - Subsidies would help farmers maintain a steady income, helping to protect them from variations in year-to-year income. (Such as a bad growing year. Some years, there are fewer crops that are produced, be it due to poor weather or other factors, and these loss of crops would dramatically harm a farmer's income. Subsidies would help make up this difference. Cons: -It costs a fortune (remember, we are in $14 trillion in debt) -Subsidies tend to go to larger farmers, who would not be threatened as much by a bad growing year. -subsidies would go against the free market
What are some advantages of taxation?
Corrects market failure Companies are in favor of it as they pass on the costs to their consumers Provides public goods
What are some of the advantages of scientific management?
there r various merit of this type of management like 1.it is time saving 2.the management can be more authentic 3. it will be very much productive
What are some complementary goods for shampoo?
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What are some examples of transfer payments?
Some examples of transfer payments include social security benefits, unemployment benefits, welfare payments, and subsidies for farmers. These payments are typically made by the government to individuals, families, or businesses without the expectation of receiving goods or services in return.
What are the advantages and disadvantages of merit pay the organisation?
Some of the merits is that it motivates people to work harder and pay according to each employee's efforts. Demerits may include lack of motivation and loyalty by employees.
What are some effective solutions to address the free rider problem in public goods provision?
One effective solution to address the free rider problem in public goods provision is through government intervention, such as implementing taxes or subsidies to incentivize individuals to contribute towards the provision of public goods. Another solution is the use of collective action mechanisms, such as forming community agreements or organizations, to encourage individuals to cooperate and contribute towards the provision of public goods.
