• Should Governments Always Intervene in the Markets to Correct Problems When Free Markets Fail to Allocate Resources Efficiently? [15]
    economic problem of 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...
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  • Substation design
    Lux (main equipment) - 20 Lux (balance Area / road @ ground level) Single Bus arrangement Single Bus System Merits Demerits Remarks 1. Low cost 1. Fault of bus or any circuit breaker results in shut-down of entire substation 1. Used for distribution substations upto...
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  • Statistics for Management
    secondary source should be determined in advance. 5. The organization of investigation is the final step in the process. It encompasses the determination of the number of investigators required, their training, supervision work needed, funds required. b) What are the merits & Demerits of Direct...
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  • Design and Analysis of Algorithm
    change making problem? 6. What is the control 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...
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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...
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  • Mr Kenny
    is really a good intervention for citizen thus the obvious solution is that these goods are provided collectively by the government, and then financed through taxation of individual households and businesses. Thirdly, merit and demerit goods influence the market failure in some ways. Actually...
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  • Servicers Marketing
    often vital to offer potential customers the chance to see what a service would be like. This is done by providing physical evidence, such as case studies, or testimonials. B. Pros and Cons Pros and Cons explain the merits and demerits of the different hotels. C. Future Career Aspects...
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  • Project Management
    Demerits ← Risk of no returns ← Chances of over capitalization ← Loose the opportunity of trading on equity ← Higher dividend more market value and more speculation Preference Shares Merits ← Gives safety of investment ← Fixed rate of return...
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  • Government Intervention
    system are the reason of inefficiency in the system. 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...
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  • Kantha Industries
    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 tourism in and around the village...
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  • Free Market vs Planned Economy
    giving contracts to private sector firms. Production 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...
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  • Product Life Cycle
    , price, utility, quality, durability, availability etc. 2. It is a driving force in decision making: Advertising helps the consumers to select the best product by comparing the merits and demerits of substitute products. Buyers can make wise purchases and can avoid post...
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  • No Pain, No Gain
    to C.A.T. We have physical trainings, or what we call PT’s, once a week. Enduring tons of workout sets for two hours is one thing. The other is the 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...
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  • Student in High School Teaching Education
    goods dealers - speciality shops 3. INTERNAL TRADE - LARGE SCALE RETAIL ORGANISATION Types of large scale retail organisation - departmental stores - features - merits - demerits - multiple shops meaning - definition -features - consumer co-operative storesmail order business - hire purchase and...
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  • Recruitment & Selection Notes
    , Networking, Referrals, Educational institutions, Employment agencies, Temp agencies, Head hunters, HRIS, Succession plans, Job fairs & Professional associations. {Review merits & Demerits from the slide} * Internal: Merits - Less expensive; Known quantity; Rewards performance; Aids retention...
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  • Revision Questions
    consider as the 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...
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  • Memorandum
    training course, (4) designing merit and demerit system, and (5) restructuring delivery system. Recommendations Provide Intensive Training Course We should provide our employees intensive wait staff training course to acquire professional skills of serving customers. For instance, our...
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  • Merits and Demerits of Shakespeare
    Merits and Demerits of Shakespeare In Preface to Shakespeare, Johnson has shown the merits and demerits of Shakespeare based on the plays he has edited. Here he gives the readers some sound ideas about the virtues and faults of Shakespeare. That Shakespeare's characters have am interaction with...
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  • It Report
    8. 9. 10. 11. 12. 7 13. Task performed by trainee in each outlet Skills mastered Specific observation Situation handling Suggestions for improvement Merits and demerits of training student Separately write about banquets Areas to be covered 1. 2. 3. 4. 5. Room service Coffee shop...
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  • Link Between Federalism and Good Governance
    TOPIC. THE 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...
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