Why do some markets fail? ________________________________________________________ Market Failure Market failure – occurs when the price mechanism causes an inefficient allocation of resources and a net welfare loss in society‚ so resources are not allocated to their best/optimum use. Identifying market failure is difficult because it involves making a value judgement about what is good and what is bad for an economy. However‚ it can be decided what is good or bad to society. Goods may be bad
Premium Externality Market failure Welfare economics
Computers: One Major Step in Globalization In 1941‚ a German engineer named Konrad Zuse invented the first computer called the Z3 (http://www.computerhistory.org/timeline/?year=1941). It was a functional program- controlled computer. During this time there was a series of events recorded that entailed the beginning stages of computer use. Over time‚ the development became greater‚ one example being that one computer at that time would be the size of a medium sized room‚ whereas now‚ a computer
Premium Konrad Zuse Computer Computing
FEATURE:WHY PERFORMANCE-RELATED PAY…ISN’T required to operate PRP in any organisational role‚ worth the trouble? The research evidence is far from supportive. Looking at chief officers first‚ payments under simple bonus schemes are quite closely associated with firm performance. But of course‚ that is because in such senior roles‚ firm performance usually determines them. It is not evidence that bonuses cause or are necessary for superior performance. Ironically‚ there is now a strong trend towards
Premium Management Motivation Reward system
drug busts‚ criminal charges‚ DEA investigations‚ and jail time all come to my mind. All of these things that help keep marijuana illegal cost the country‚ the government‚ and the taxpayers massive amounts of money every year. The real question is why? Why do we try so hard and spend so much money suppressing a substance that is shown to benefit people for both recreational and medical uses. The negative side effects of marijuana and proven almost insignificant‚ especially when compared next to alcohol
Premium Recreational drug use
Essay: Reasons why smoking should be banned in public places. Tobacco is one of the most widely-used drugs in the world‚ mainly in the form of cigarettes. Although most countries put restrictions on its use‚ many people smoke everyday despite the fact that it is poisonous and harmful to their health. In my opinion‚ smoking should be banned completely for several reasons. Firstly‚ smoking can cause serious health problems to the smokers themselves and to those inhaling secondhand smoke. Tobacco
Premium Smoking Cigarette Tobacco smoking
Why Marijuana Should Be Legal COM/220 June 16th 2010 William Blick Why Marijuana Should Be Legal In the United States laws are in place to protect the citizens from the government‚ other citizens‚ and our own selves. The federal and state government put laws into place to prevent citizens from ingesting harmful contents‚ such as controlled substances. Every year over four hundred thousand people die from tobacco‚ another eighty-five thousand from alcohol‚ and another three hundred sixty-five
Free United States Drug addiction Illegal drug trade
steering mechanism of the car. If Smith sues the dealer for breach of warranty and the dealer defends by relying on the contract disclaimer‚ what would be the result and why? Please prepare a written reply
Premium Tort Law Tort law
‚ | Why Scientist Don’t do Ethics and Why it is Important That They do | Ethical Issues in Science | | | Scientists don’t deal with ethics because they are more involved with the science and getting results. The pressure of working in that field is put on them to get results for their careers and getting more grant money. They should deal with ethics for the betterment of all that. If the public believes that scientist are unethical and can’t be trusted‚ the research they do will
Free Science Scientific method Ethics
Why Ford Should Worry. By: Muller‚ Joann‚ Forbes‚ 00156914‚ 2/13/2012‚ Vol. 189‚ Issue 2 Section: Strategies THE AUTO BUSINESS Chief Alan Mulally and his executives are rightfully proud they avoided bankruptcy. But they’re not safe yet. Not by a long shot. The coronation went exactly according to Ford’s script. At the North American International Auto Show in Detroit 2‚400 reporters hushed as video screens the size of tractor trailers flooded their vision. A booming voice shook Joe Louis Arena:
Premium Ford Motor Company
Lin‚ H. (2012). Why computer scientists should care about cyber conflict and U.S. national security policy. Communications of the ACM; Vol. 55 Issue 6‚ p41-43‚ 3p. DOI: 10.1145/2184319.2184334 This article discusses why computer scientists should be aware of cyberconflict and U.S. National Security policies regarding cyberconflict. It presents information on cyberterrorism‚ espionage‚ and the cyberattacks reported by Computer Network Emergency Response Coordination Centers in order to attribute
Premium National security Science Security