hypotheses about how misaligned incentives can induce government officials to take action that are not in public interest‚ Stiglitz talks about the two reasons critics of role of government gives which are inconsistent. One is coasian bargaining will lead to efficient solution‚ so government intervention is not needed. Stiglitz criticizes this reason by writing about how this doesn`t work in public sector. Another reason the critics give are government is rife with inefficiency. Then he goes to critic
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hydrocarbons‚ carbon monoxide‚ ozone‚ lead‚ and various oxides of nitrogen. Although not considered emission pollutants by the original California Air Resources Board (CARB) or U.S. Environmental Protection Agency (EPA) definitions‚ the most recent common use of the term also includes volatile organic compounds‚ several air toxics (most notably butadiene)‚ and global pollutants such as carbon dioxide and other greenhouse gases.[4] Examples of zero emission vehicles include muscle-powered vehicles such
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supposed to be $1.16 trillion dollars in 2007-08 financial year. Per capita income in terms of nominal exchange rate was around $1‚021. Actual situation of India GDP growth Actual picture is pretty different from what has been predicted. It is being assumed that in present scenario of economic recession‚ growth rate of India GDP would slip‚ if India’s national government does not introduce economic stimulus
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GDP – A Gross Deception Capitalism concentrates on production of wealth more than distribution of wealth to satisfy the needs‚ which is secondary in their view. Therefore‚ the capitalist economic system has one aim‚ which is to increase the country’s wealth as a whole‚ and it works to arrive at the highest possible level of production. It considers that the achievement of the highest possible level of welfare for the members of society will come as a result of increasing the national income by
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out their dissatisfaction. One of the ways is by using picketing. Under section 40 of Industrial Relation Act allow workers to attend at or near their workplace when they have a trade dispute. The purpose of picketing are communicate issues to the public and embrass the employers. Picketing also held at lunch time‚ and before or after working hours. Picketing is enforceable by law as long as it must not intimidate anyone‚must not obstruct the entrance or exit the organization. 3.2 Summarization
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The Effects of Internet Addiction As far as the developments that have changed the world considerably throughout the history are concerned‚ the internet is one of the most notable ones. With the internet’s becoming widespread all over the world‚ one can easily find the computer connected to the internet wherever he/she goes. However‚ there are certain bad effects steaming from using the internet excessively. According to the articles “This Is Your Brain On Internet” by Terrence Sejnowski and
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the price of their products again‚ leading to higher prices in commodities. This interlocking effect is the work of inflation and if a country is not cautious‚ their economy can be severely damaged. In a way‚ inflation affects everyone living in this world and in today’s economy‚ not everyone has the same income and purchasing power. When cost of living becomes too high‚ it would have undesirable effects on us. So how high is too high and how much is too much? Therefore‚ it is important for us
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Evaluating the monetary policy conducted by an inflation targeting central bank by comparing the actual values of inflation is surely inadequate: first no central bank has a complete control over inflation; second‚ in practice all that central banks care about stabilising economic activity. Over the past half century‚ macroeconomic theory has undergone significant changes. More specifically‚ the importance of expectations has come to the forefront in economic theory to such an extent that monetary
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allegations‚ such as drug use‚ in their own schools. However recently‚ the use of drug sniffing dogs has come into question when a case was brought to the Supreme Court. In the case‚ drug sniffing dogs were used at a house where drugs were suspected. Though the case was ultimately ruled in favor of the citizen who had the dogs used against him‚ the infringement of privacy and constitutional rights continued to be questioned with the use of drug-sniffing dogs. However‚ the use of drug sniffing dogs in
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Data Digitisation At a time when information and data are becoming an integral part of every organization‚ people have realized that paper records‚ books‚ and journals are not as handy or safe as CD-ROMs. Information must be stored in such media that the storage is safe and the retrieval is quick. The age of Data Digitisation has begun. Digitisation is the process by which physical or manual records such as text‚ images‚ video‚ and audio are converted into digital forms. This is of paramount
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