Essays Tagged: "Social cost"
Describe and evaluate economic measures that can be used to reduce negative consumption and negative production externalities ...
i Externalities are costs or benefits of production or consumption experienced by the society who are not directly invol ... rectly involved or had not paid for it. It is sometimes referred to as 'spillover' or 'third-party' costs or benefits. (Sloman & Norris 2002, p567) A benefit experienced by the society or third-pa ... , vaccination and researching of new technologies.Negative consumption externalities occur when the costs of consumption is borne by other people other than the consumer. (Sloman & Norris 2002, p2 ...
Subjects: Social Science Essays
The Causes of Market Failure
Why do markets fail to generate socially desirable outcomes? Markets are not infallible. They can fail to organise economic activity ... can fail to organise economic activity in a socially desirable fashion. Markets failure are due to social inefficiency and inequity. In the real world, the market rarely leads to social efficiency: t ... iciency and inequity. In the real world, the market rarely leads to social efficiency: the marginal social benefits of most goods and services do not equal the marginal social cost. Part of the proble ...
Subjects: Businesss Research Papers > Markets & Exchanges
What is the best method of achieving the socially optimum level of pollution?
ntive not to pollute. This means that forces outside the market must be used in order to ensure the socially optimum level of pollution. In this essay, I will first be tackling what the socially optim ... on between them and deciding which of the three options I consider best as a means of achieving the socially optimum level of pollution.In order to answer this question we must fist resolve what is me ...
Subjects: Social Science Essays