A market failure is a situation where free markets fail to allocate resources efficiently. According to David Begg et al (2011: pg.315) says ‘In the absence of any distortions‚ competitive equilibrium is efficient. We use the term market failure to cover all the circumstances in which market equilibrium is inefficient. Distortions then prevent the invisible hand from allocating resources efficiently’. The following are possible causes of market failures. Imperfect Competition‚ Asymmetry of Information
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“Role of a teacher in the education” There is one old saying that‚ “what you are today depends on what you have learned in past”. Your education has a very important role in your mental and physical development. So it is very crucial to have a proper education‚ i.e. learning in your life at proper time. An education is an informative process but when you want to learn something than its required an effort from both side‚ from the person from
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Independence Day Speech in English | Essay A very happy Independence day to my honorable Chief Guest‚ my respectable teachers‚ & parents and all my lovely brothers and sisters. As You all Know Today we have gathered here for celebrating the 68th Independence day of our country. The day when India got freedom against the British Rule after so many years of struggle. On this day we pay tribute to our great freedom fighters like Mahatma Gandhi‚ Pt. Jawahar Lal Nehru‚ Bal Gangadhar Tilak‚ Sarojini
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In Support of the Teachers’ Union For over one hundred years‚ the teachers’ unions have been not only frowned upon‚ but scorned by many. Those who do not understand the true motives of the educators who participate in such organizations see their actions as selfish and even communist. The teachers’ unions have been struggling to survive since they were born. The first teachers’ union‚ the National Education Association (NEA)‚ began in 1857‚ and consisted of over three million members (Certified
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Dinoflagellates 1. Name two types of sickness you can get from phytoplankton in Florida‚ and describe how you can get them. What symptoms led to the diagnosis of our patients? One type of sickness is ciguatera fish poisoning‚ which a food poisoning by eating a fish which include tuna or other type Another type is neurotoxic shellfish poisoning which is cause by different types of algae and is obtain when algae may be located on some shellfishes‚ which you digest 2. Explain how an HAB outbreak
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no drive to better myself or my life‚ all I thought about was making ends meet. It was a hard life‚ especially being so young. And soon enough I began to find no joy in art. After that it felt like I had no purpose‚ no meaning‚ I was lost. But one day‚ out of the blue I saw my future‚ my purpose. It was an enrollment poster for the German Army. My eyes lit up‚ as I realised this was my calling. To serve my country‚ to do my part. That was what I was born to do. As a soldier I was thought to be brave
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A True Teachers Guide Through my high school years my English teachers were old and boring and seemed to be waiting to retire. Until I came to be a junior my new teacher Mr. Archer opened my eyes to literature better then any other teacher I ever had. He was so good he asked me to join his AP course in the 12th grade‚ and of course I said yes. Without him‚ I wouldn’t like reading‚ or writing‚ and wouldn’t know how to get better at achieving my all time goal of being a sportscaster
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Introduction to Fourier Series The Fourier Series breaks down a periodic function into the sum of sinusoidal functions. It is the Fourier Transform for periodic functions. To start the analysis of Fourier Series‚ let’s define periodic functions. A function is periodic‚ with fundamental period T‚ if the following is true for all t: f(t+T)=f(t) [Equation 1] In plain English‚ this means that the a function of time with period T will have the same value in T seconds as it does now‚ no matter
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"Approximately 46% of the lakes in America are too polluted for fishing‚ aquatic life‚ or swimming." Pollution is a problem because it is affecting the nation‚ for the worse; and recycling is the best solution. At the rate the world is going‚ global warming‚ human health‚ food supply and rising seas will all be increased immensely. The world as it is‚ is already polluted to a point of no-return. We must do something about it Now. Major companies around the world such as General Electric‚ Coca-Cola
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Ronaldo celebrated in style after the triumph in Sweden but insists his celebrations were not aimed at FIFA president Sepp Blatter following recent comments he made about the Real star. Blatter was swift to congratulate Paulo Bento’s team and Ronaldo via Twitter within minutes of their qualification for Brazil. "I don’t have to respond to anyone‚ my answers are given on the pitch‚" Ronaldo said. He also insists he is not focused on recapturing the accolade he won in 2008‚ adding: "I do not
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