• Should Governments Always Intervene in the Markets to Correct Problems When Free Markets Fail to Allocate Resources Efficiently? [15]
    externalities, demerit goods, and the lack of provision of public goods. Governments can utilise various methods to address externalities and demerit goods. Externalities are third party spillover effects, and can be both positive and negative, and can come from consumption or production sides. Demerit goods...
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  • Isc Commerce
    employment. 72 2. Forms of Business Organisations (i) Sole trader - objective; formation; merits and demerits. Meaning and definition of sole trader; characteristics of sole trader; formation; merits and demerits. (ii) Partnership - formation; features; types of partners. Meaning and definition of partnership;...
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  • Statistics for Management
    encompasses the determination of the number of investigators required, their training, supervision work needed, funds required. b) What are the merits & Demerits of Direct personal observation and Indirect Oral Interview? In the direct personal observation method, the investigator collects data by having...
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  • Market Failure
    triangle is the area of dead weight welfare loss. It indicates the area of overconsumption (where MSC is greater than MPC) Merit and Demerit Goods Definition of Merit Good: A merit good has two characteristic: • People do not realise the true benefit. For example, people underestimate the benefit of...
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  • Government Intervention
    There are some goods that underprovided and underconsumed. Such goods are cold merit goods. They can be defined in terms of their externality effects and also in terms of informational problems facing the consumer. A merit good is a product that society values and judges that everyone should have regardless...
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  • Kantha Industries
    through exhibitions in nearby towns and cities. Major market being Kolkata. SCOPE: >>Considered merits and demerits of both alternatives as below: ALTERNATIVES: 1. Village exhibitions: Merits – Overall expenses of setting up an exhibition will reduce. Employment will be generated. Promotion...
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  • Design and Analysis of Algorithm
    abstraction of greedy technique? 7. What is meant by container loading problem? 1. Define greedy concept with example. 2. List out merits and demerits of binary search algorithm. 3. Write the control abstraction for divide and conquer technique. 4. Give the recurrence form for divide...
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  • Mr Cole
    externalities arise, this is to tax demerit goods, which are goods that have negative externalities and are over produced in an economy. However, the government may find other solutions much more useful, for example; they find it more effective to subsidise merit goods, goods giving out positive externalities...
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  • Strategic Vision for Airtran Airways?
    served under the name of Southwest. However, this strategy, in which the AirTran brand will be completely disappeared, offers merits to the merged airline, but it certainly has demerits as well. Although merging into one operator would give the two carriers competitive edge to become the largest low-fare airline...
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  • Memorandum
    service, which are (1) developing corporate culture, (2) setting more outlets in city area, (3) providing intensive training course, (4) designing merit and demerit system, and (5) restructuring delivery system. Recommendations Provide Intensive Training Course We should provide our employees intensive...
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  • Revision Questions
    most important factors in making the recommendations of the Douglas Odhiambo committee a success? 9. Citing relevant examples, discuss the merits and demerits of the above change strategies in schools 10. a) Discuss the importance organizational training in implementing change. b) Identify a problem...
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  • Project Management
    Deferred credits ← Term loans Equity Shares Merits ← Permanent source of capital ← No fixed rate of dividend ← Suitable to raise loan ← No charge on assets ← Enjoy voting right Demerits ← Risk of no returns ← Chances of over capitalization ...
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  • Advantages and Disadvantages of Free Market Economy
    firms to be innovative and produce better quality products. DISADVANTAGES OF FREE MARKET ECONOMY ( ADVANTAGES OF COMMAND ECONOMY Public, merit and demerit goods. Public goods cannot be provided privately because of their two characteristics, non-diminishability and non-excludability. These goods...
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  • Mr Kenny
    Thirdly, merit and demerit goods influence the market failure in some ways. Actually, merit goods are deemed by government and society to be beneficial for people to consume thus merit goods provide positive externalities but if left wholly to the private sector, it would likely that merit goods will...
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  • Free Market vs Planned Economy
    and consumption of merit and demerit goods According to Lipsey (1992), merit goods are those goods that the government compels or encourages people to consume, mainly because individuals are said to be unaware of the true benefits from consuming them. He also added that demerits goods are those goods...
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  • No Pain, No Gain
    minimum run of three laps after the workout and the more laps you run, the more merits you get and who wouldn’t want more merits, right? Almost half of the batch even cut PT’s because they say that it’s better to gain demerits than to suffer like that but it’s the other way around for me. I’m a basketball...
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  • Managing innovation within firms
    ________________________________________________________________________________________________________ Answer 2 Manufacturer Managed Inventory: Merits: More Accurate Data With vendor managed inventory, information is passed back and forth in a computerized format. That automation can greatly...
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  • Mass Media
    Mass Media During the past 5 years, one of the most profound... Premium * Youths And Technological Advances: Merits And Demerits Youths and Technological Advances: Merit and Demerits TEXT: Daniel 12: 3 The youthful age is the part of life that succeeds to childhood (Webster, 1828). It is... Premium...
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  • Link Between Federalism and Good Governance
    NEXUS/RELATIONSHIP BETWEEN FEDERALISM AND GOOD GOVERNANCE? The underlisted are some definitions of federalism, types, reasons for, features, merit and demerit and problems associated with the concept. Types of Federalism Dual federalism, also known as "layer cake federalism" involves clearly...
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  • Compensation Management
    data reduction process that involves the collection of large amounts of data which are analyzed and synthesized into an overall judgment of worth or merit. The implication here is that the judgment of worth can be supported by the data. In her review, Foxon found similar definitions referring to judgments...
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