Failure of public production, Biology

Assignment Help:

Failure of Public Production

The failure of public production is usually dealt with by the adoption of one or more of the following approaches:

(i) Exit possibilities yielding place to market forces and consumer choice;

(ii) Allowing scope for client participation thereby providing a distinct role for public voice; and

(iii) Loyalty i.e., a structure in which significant weightage to responsibility is accorded.

The broad aim is to generate benefits to the society by unleashing forces of competition to create an optimally functioning market. The approach is centred around the core tenet of neoclassical economics that, if certain conditions are met, competition produces an equilibrium in which it is impossible to make someone better off without making someone else worse off.

 


Related Discussions:- Failure of public production

Define about the carbohydrates, Define about the Carbohydrates? In the ...

Define about the Carbohydrates? In the previous unit, we came to know that availability of glucose is the major factor in exercise performance. Hence, carbohydrate manipulation

Explain adverse effects of cidofovir, Explain Adverse Effects of Cidofovir ...

Explain Adverse Effects of Cidofovir About 25% of patients discontinue cidofovir because of adverse effects such as nephrotoxicity, neutropenia and metabolic acidosis. Iritis,

Foetal maceration and mummification, Foetal maceration and mummification ...

Foetal maceration and mummification Foetal mummification occurs when the foetus dies in the uterus in the absence of air and bacterial contamination and the cervix remains tig

What is the usual shape of poriferans, Q. What is the usual shape of porife...

Q. What is the usual shape of poriferans? Sponges have bodies in the form of globes or tubular vases open in the upper extremity. They have a porous walls and internal central

What are the amylase inhibitors, What are the Amylase Inhibitors? Inhib...

What are the Amylase Inhibitors? Inhibitors of the enzyme a-amylase are found in wheat, rye, beans, mango, legumes, potatoes, sorghum (jowar) and oats. Most amylase inhibitors

What the henderson-hasselbalch equation expresses, The Henderson-Hasselbalc...

The Henderson-Hasselbalch equation expresses the pH of a solution as: Select one: a. The equilibrium constant of the acid and the dissociated form of the weak acid. b. The

Homo erectus, Homo erectus first arose about 1.6 million years ago and is b...

Homo erectus first arose about 1.6 million years ago and is believed to have lived for atleast 600,000 years at a time when the transition to Homo sapiens took place. The fosSil fi

Implant system, In the early 1970's, Schroeder and his group designed a sin...

In the early 1970's, Schroeder and his group designed a single stage implant system known by the name of ITI Implant System. They demonstrated that one-stage implant can also resul

Define oral rehydration for treatment for pem, Define Oral rehydration for ...

Define Oral rehydration for treatment for pem? Since diarrhoea is very common in severe PEM, correction of dehydration is the first step in the treatment. Homemade (salt-sugar

Phosphorus cycle, Phosphorus cycle is sedimentary cycle because it does not...

Phosphorus cycle is sedimentary cycle because it does not enter into atmosphere. It can be found on earth in water, soil and sediments. The phosphorus cycle is the biogeochemical c

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd