intellectual property rights through patents. Hence‚ there are incentives in the free market system for 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 have to be provided
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Our Current Education System : Good Or Bad? the question what I would like to change about the education system. First of all‚ all students‚ whether good or bad at studies must be treated equally and given... Premium Grading System enthusiasm will come to an all time low. Whereas others feel‚ its good and fair in all terms. CBSE grading system is realy a boon cuzzz‚‚‚ it mainly motivates... Premium The Grading System Is Bad The Grading System is Bad by Kok Hiew Lam of AL2 Students who get
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Alcohol is an example of a demerit good. A demerit good is one which is overprovided by the market mechanism. Apart from alcohol‚ drugs and prostitution are also examples of demerit goods. Consumption of these goods produces large negative externalities. Crime increases‚ health costs rise‚ valuable human economic resources are destroyed‚ and friends and relatives suffer distress. Moreover‚ individuals themselves suffer and are unable to stop consuming because demerit goods are often addictive. Therefore
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attracted only a few hundred patrons but within 5 years the annual gathering had grown to become a great national festival attended by thousands of traditional musicians‚ singers and dancers from all parts of Ireland and overseas. Branches of Comhaltas (CCE) were formed all over Ireland‚ organising classes‚ concerts and sessions at local level. Soon there were county and provincial Fleadhanna. Comhaltas now has more than 400 branches established in every Irish county‚ Britain‚ the US‚ Canada‚ Japan‚
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Disadvantages/ Demerits of Interest Groups PAD 170 Prepared for: Sir Fairuz Hidayat 2013 Disadvantages/ Demerits of Interest Groups PAD 170 Prepared for: SFH 2013 Introduction As we all know there are types of groups that are playing important role in the administration in the mechanism of government especially in terms of decision making or legislative body. These groups are known as Interest Groups and Pressure Groups. Basically
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Gregor operates in the protective garments sector and competes against a number of competitors with similar products. As a result‚ it was essential for them to establish a competitive advantage‚ which can be seen through their product line and geographical exposure. Gregor’s garments are double coated‚ which extends the life and level of protection; as a result their products have the highest quality in the market. Many of their products also come with features to enhance comfort such as mesh/ventilation
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CSEC Economics School Based Assessment An Economic Analysis on the Factors Which Influences Smoking in the Community of Golden Spring‚ St. Andrew Topic: Demerit Good Name of Candidate: Renae Bennett Candidate’s number: Centre number: 100049 School: Holy Childhood High Teacher: Mrs. Henry-Fagan Teritory: Jamaica Year of Examination: May/June 2013 Examination ------------------------------------------------- ------------------------------------------------- Acknowledgement
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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" involves clearly enumerated powers between the national and state governments‚ and sovereignty in equal spheres. Cooperative federalism‚ also known as "marble cake federalism‚" involved
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MEMORANDUM PIZZA HUT RESTAURANT Date: 13 June 2012 To: Mr Patrick Song‚ Chief Executive Officer From: Mr Gilliette Lim‚ Director of Customer Service Operations Subject: RECOMMENDATION REPORT OF ENHANCING CUSTOMER SERVICE At your request‚ I am submitting this report detailing my recommendations to improve the quality of services in Pizza Hut Inc. My recommendations are based on my own experience‚ observations and feedbacks that are given by our customers. Background Pizza Hut is a well-known
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Dependable Growth and Expansion Demerits 1. Low dividend 2. Uncertain 3. Unbalanced growth 4. Misuse and Speculation Debenture: It constitutes the borrowed funds of the company. It is an acknowledgement of debt. Debenture capital may be called DEBT CAPITAL. 64 Types Of Debentures • Secured Unsecured • Redeemable Irredeemable • Convertible Non- Convertible • Registered Bearer Debentures Merits 1. Regular return 2. Safety of investment 3. Economic sources Demerits 1.Charge on assets 2.No
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