the Efficiency is about a society making optimal use of scarce resources to satisfy wants and needs market can fail Allocative efficiency is concerned with producing the goods and services that match the changing needs and preferences and which are placed the greatest value. Allocative efficiency is reached when no one can be made better off without making someone else worse off. This is known as pareto efficiency. Allocative Efficiency occurs
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MARKET EFFICIENCY. Introduction. What is an "efficient" market? Can you say that the stock market in Zimbabwe is efficient?. Definitely our stock market is very small relative to others. For example‚ the ZSE carries only 75 counters‚ whereas the Johannesberg Stock Exchange (JSE) has more than five thousand firms‚ yet by world standards‚ even the JSE is still regarded as an "emerging market". So you can see that there are very few players on our ZSE‚ thus very little competition among the investors
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vital role in society in this century‚ the stereotypical view of women as house makers still stay. One of the reason to why many debate that women should not work after marriage is because it is the wife’s duty to stay at home to look after the children. However‚ and in my opinion‚ I disagree with this sentiments. Women‚ in fact‚ should work after marriage. A good relationship between husband and wife depends on the level of mutual respect they have for each other. This means never taking
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gradually increased. The money spent on an individual incarcerated each year surpassed an average person living off minimum wage. Can these rates decreases? Yes‚ creating programs which help individuals develop skills in the working field. Allow those individuals to voice their opinions and not feel the wrath of not being able to do much with one’s life after being incarcerated. The film Prison State shows how self issues have become very dominant within these facilities‚ some individuals incarcerated
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What are the three mechanisms by which disinfectants work? Describe. The three mechanisms by which disinfectants work are crosslinking‚ coagulating‚ clumping; structure and function disrupture; oxidiaing Crosslinking‚ coagulating and clumping - Like many disinfectants alcohols are generally considered to be non-specific antimicrobials because of their mant toxic effects.Alcohols cause all proteins to clump and lose funcion. The alcohol must be diluted with water fir the greatest effect because proteins
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Sessions 6‚ 7 & 8 Economic Efficiency y Consumer Surplus A buyer’s willingness to pay (WTP) for a good p y( ) g is the maximum amount the buyer will pay for that good good. WTP measures how much the buyer values the good. Example: 4 buyers’ WTP for an iPod name Anthony WTP $250 Chad 175 Flea 300 John 125 Consumer Surplus Q: If price of iPod is $200‚ who will buy an iPod‚ and what is quantity demanded? q y A: Anthony & Flea will buy
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I am responding to question number 2. Many older adults desire to age-in-place‚ this “refers to the expressed desire to remain in one’s own home or at least in one’s home community for the remainder of life.” (Lecture Slides) There are many things that might help foster the goal of aging-in-place including: age-friendly/livable communities‚ flexible housing and universal design‚ naturally occurring retirement communities‚ the virtual village concept‚ cohousing‚ intentional (niche) communities‚ elder
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achieve efficiency. (Distinguish carefully as between different economic notions of efficiency in your answer). Glanbia plc is an international dairy and nutritional ingredients group headquartered in Ireland. The company has 4‚500 employees in seven countries and sales offices in a further five. International operations include food ingredients and nutritionals while Irish operations incorporate consumer foods and agribusiness and property. The group has three strategic joint ventures which are based
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motivating employees at the work place: * know their different needs: know the different needs of your employees. each employee have got his own needs that may be much different than the needs of the others. An employee wont get motivated unless you make him realize that his job can help him satisfy one of his important needs. For example people who work for money will never get satisfied by empowerment or promotion compared to increasing their salaries. Type A’s will hate work that consumes a big amount
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Which place do you prefer to leave: in a small town or in a big city ? Small towns and big cities both have their good sides. First big cities have unlimited choices of things you can do. There is always a lot to do and visit. Living in a big city is more comfortable because there are cinemas‚ theaters‚ museums‚ shops‚ malls‚ lots of restaurants to choose. There are a lot of possibilities of shopping. Secondly the standard of education is also very high in big cities. People have
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