Why is it important for the government to regulate natural monopolies? A natural monopoly arises where the largest supplier in an industry‚ often the first supplier in a market‚ has an overwhelming cost advantage over other actual and potential competitors. This tends to be the case in industries where capital costs predominate‚ creating economies of scale that are large in relation to the size of the market‚ and hence high barriers to entry; examples include public utilities such as water services
Premium Economics Monopoly Competition
plan‚ a statewide government based on the population. “The federalists supported the constitution and preferred a strong national government‚” (pg. 57). The Anti-Federalists supported the New Jersey plan‚ where each state gets the same amount of representation. “The Anti-Federalist opposed the constitution and preferred a decentralized federal government; they took their name by default‚ in reaction to their better –organized opponents‚” (pg. 57). Both parties agreed that government should be limited
Premium United States United States Constitution President of the United States
The Federal Government of the United States is the national government of the United States. The federal government is composed of three distinct branches: legislative‚ executive‚ and judicial‚ whose powers are vested by the U.S. Constitution in the Congress‚ the President‚ and the federal courts‚ including the Supreme court respectively. The United States Congress is the legislative branch of the federal government. It is bicameral‚ comprising the House of Representatives and the Senate. The Judiciary
Premium
Chapter 3 Key Terms Federal system- system of government where the national government and state governments share power and derive all authority from the people Confederation- Type of government where the national government derives its powers from the states; a league of independent state Unitary system- system of government where the local and regional government derive all authority from a strong national government Tenth amendment- The final part of the Bills of Rights that defines the
Premium United States Federal government of the United States Federation
The unitary government is described as a centralized government. It is a government which all powers held by the government belong to a single‚ central agency. Some advantages of a unitary government are; uniform policies‚ laws. Enforcement and administration throughout the country. This is an excellent trait of unitary government‚ there are fewer issues between national and local governments. Unitary government represents greater unity and stability. Although there are many advantages‚ like any
Premium Local government Sovereign state Federal government
Should the Government Regulate Sugar? The world we live in today is a very dangerous one‚ or so it would seem to most people. People can be very suspicious of hidden agendas‚ being taken advantage of‚ or some how tricked in some manner. As Americans we have rights‚ and we are quick to fight for them‚ perhaps even to a fault. Never will you see more people say their rights are being stepped on than when the government begins to make changes or in some way “meddles” with our everyday lives. Usually
Premium United States State Political philosophy
Early Americans were hesitant to create a federal government that was too powerful. After the failure of the Articles of Confederation‚ the Founding Fathers created the Constitution of the United States of America. The new Constitution was based on several basic principles that limited the power of the federal government. A federal government holds the three distinct branches‚ such as‚ legislative‚ executive‚ and judicial‚ whose powers are vested by the U.S. Constitution in the Congress‚ the President
Premium
United States Constitution Part I: Principles of the Constitution Create a chart or a matrix outlining the following primary principles of the Constitution: 1. Self-Government 2. Separation of Powers 3. Checks and Balances Write an analysis of 250-500 words on the effectiveness of the checks and balances in the federal government. 1. Cite specific examples. 2. Defend your rationale. 3. Utilize the required readings‚ academic websites‚ and the GCU e-Library as resources for this assignment.
Premium Citation United States Constitution Separation of powers
A2 politics Jess Waldron ‘Federal government increasingly dominates state governments in the USA.’ Discuss The United States of America have a federal constitution‚ where the President of the United States‚ Congress‚ and the judiciary share powers‚ and the federal government shares sovereignty with the state governments. This is the stark opposite to the unitary system in the UK where sovereignty lies in parliament and some powers are given to local assemblies. There are many types of
Premium United States Constitution Supreme Court of the United States United States
that whether financial markets should regulate or governments should take control over them by making strict regulations. When the word regulation comes‚ its seems very ugly to many people‚ especially when it is associated to managers and stockholders‚ they always see rules or regulations as burden on them imposed by government to damage their efficiency and innovation. But according to me if the financial markets and institutions are controlled by government then it is beneficial for them as well
Premium Economics Government Finance