Suppose that Sony's R&D investment in digital devices has increased profits by 20%. Is this a private or social benefit?

Q: Which of the following are examples of private property?   computers belonging to your college…

A: In economics, private property is a legal designation for the ownership of property by…

Q: What is an external interest rate?

A: External interest rate is a rate which central bank of a country made it mandatory for all banks to…

Q: Why do governments (city, state or national) often provide funding for creating and maintain public…

A: Answer - Public Good - Public goods the those goods which are non-rival and non-excluding in nature…

Q: How does Offshore Oil Drilling affect the environment of Belize?

A:

Q: What makes water pollution relevant to the researchers?

A: Answer - Water Pollution - It is the contamination of water environment or water body due to direct…

Q: Is urbanization a social problem today? Why?

A: Urbanization means when mass population migrate from rural to urban in order for looking better…

Q: What are some of the environmental and social concerns related to the forestry industry?

A: The activities of forest industry when combined with other industries such as transportation, wood,…

Q: What are the examples of PRIVATE COST?

A: Cost is the total expenditure incurred in the production of goods and services. The cost is…

Q: Use two graphs to show the Sustainable Range for harvesting a renewable resource. Draw a sigmoid…

A: COST can be defined as a concept that shows the amount of expenditure and any other sacrifice such…

Q: Do environmental issues require public intervention in the private marketplace? Distinguish among…

A: Environmental issues have to be addressed through public intervention even if it is taking place in…

Q: Doesn’t environmental protection hurt the economy?

A: Enviornmental protection refers to the government programs and activities to protect and maintain…

Q: What are some steps to make urban development more sustainable?

A: Economies around the world tend to work upon the basis of the working of various entities, such as…

Q: How does urbanization affect the environment

A: A1)Urbanization blocks the natural flow of stream, so they are contracted in urban area but they…

Q: What are the External Threats at Apple?

A: Apple faces several external threats that could impact its business. Among them are:Intense…

Q: What is a resource that you share with your family or neighbors? Is it being over-consumed? And if…

A: We all live in a society, where we share many things to live life peacefully and happily. Our…

Q: What are the reasons for public failure

A: Public failure could be a result of various reasons, that has been explained as follows

Q: Consider the need for an External Interest Rate?

A: There is a strong need for the external interest rate because it helps in making financial…

Q: How did California lead the way in terms of state environmental policy?

A: Environmental policy contains all the rules and regulations agreed to by an organisation or a…

Q: Illustrate graph (s) that show about the Private Cost in education with explanation.

A: Private cost: It refers to the cost that is being paid by the person to get goods and services in…

Q: What is the importance of communication in economic life under government and organizations?

A: Communication plays a giant role in advancing method and reducing poorness. A survey of corporations…

Q: is easier to achieve? Why?

A: Answer The difference between strong and weak sustainability: strong sustainability: Weak property…

Q: What are the negative effects of urban renewal?

A: Urban renewal is an extremely controversial topic in urbanization. It refers to the cities' policies…

Q: How do social costs and benefits differ from private costs and benefits?

A: Private costs for the manufacturer of a good/service shows the costs that the firm pays to buy…

Q: Describe in detail three kinds of private economic investment which could help a neighborhood

A: 1. Ownership InvestmentsOwnership is what involves mind for many people when the word investment is…

Q: What are the Economic environmental changes of Apple?

A: Environmental economics is a branch of economics that deals with environmental concerns. Any…

Q: What role do property rights play in creating common property resources? Why are common property…

A: The arrangement of rights where a group of users of a resource tends to share duties and rights…

Q: Why do you think the ecological footprint for people in Bangladesh is so small?

A: Ecological Footprint refers to the impact of activities of human measured by the area of forest,…

Q: What are the difference between PRIVATE COST and SOCIAL COST in terms of 'educational institutions'

A: Cost means the total amount of expenditure incurred in producing a good or a service. There are…

Q: What are some economic benefits of aquaculture? What are some negative environmental impacts?

A: Auaculture is the farming of aquatic animals or plants under controlled conditions, including…

Q: Discuss one type of technology that might be used to build a low-carbon economy.

A: A low-carbon economy, also known as a decarbonised economy, is one that relies on energy sources…

Q: How have subsidies contributed to non-sustainable forestry in US and Canada?

A: The subsidies contribute to non-sustainable forestry in the US and Canada due to the direct link of…

Q: what are the effects of e-waste on the environment and the lives of people in under developed…

A: E-waste refers to the electronic waste that is discarded because it is unwanted, at its end, or not…

Q: Should the government legislate strict regulations for the gig-economy Give an assessment of the…

A: The gig economy is a worldwide organization of individuals who are not workers of a specific…

Q: What is the difference between private and social costs?

A: There is a difference between private costs and social costs. This difference should be known to…

Q: Will the demand for borrowing and investing in R&D be higher or lower if there are no external…

A: ‘Law of demand’ states that ‘other factors remain constant’(ceteris peribus), when the price(P) of a…

Q: Are utilities a public good, by definition?

A: Public Good is non rivalrous and non excludable i.e. no one can exclude you from using the goods and…

Market Failure Analysis

To understand Market failure, we need to first understand welfare economics. An Italian economist, Vilfredo Pareto stated that allocation of resources in an efficient manner such that an economic change, which harms no one and makes someone better off, indicates an increase in social welfare. It is also called Pareto Optimality, where resources cannot further be reallocated without harming one. This does not apply to those economic changes, which harm some and benefit others. social welfare increases if the utility of any of its members' increases and none decrease in the economy.