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Why and how the State should intervene through government apparatusin the economic sphere of the country, has been a significant discourse in economicsfor long. According to one theory, institutions of State and private property(following which, market) came into being simultaneously. Though this theory isn'taccepted it appears very plausible that State undertook to protect private property(along with life of its citizens) and charged fees for service in terms of a proportion ofproduce, which was largely agricultural corn so that it could support its protectiveforce. Though later on, as economy of a society developed in terms of commodificationof goods, its State presumed the charge to regulate some of its economic activities orsome aspects of many activities, such as standardization of weights and measures andcoinage. Still later, State intervened in commodity market by taxing or/and subsidizing different commodities with a view to impacting on (augmenting orreducing)their demands and supplies if they weren't, in its perception, in congruence withsocietal interest. Later, one finds that many community-oriented welfare activitieswere also presumed by State directly or through its subsidiaries.
The ABC corporation is contemplating purchasing a new computer system that would yield a before-tax return of 30 percent. The system depreciates at 10 percent a year. The after-tax
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Earlier than the Civil War, the South graded with the North and with England. It sold cotton and bought manufactured goods and food. Throughout the war, one of Lincoln's first acti
Q. Why does government undertake an economic activity? If ever an activity has large externality or spill over and includes a large number of people, it may be found better th
The international monetary fund and the World Bank are the main lending financial institutions that give assistance to developing nations in the restoration of their economy. Wh
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What are objectives of fiscal policy
QUESTION (i) "Public Sector data is seen as owned by everyone since it has been gathered about and from everyone, often compulsorily". Discuss the concepts of ‘Public data' whe
“In the presence of institutional constraints, the Theory of Second Best tells us to perform the welfare maximization problem to solve the Pareto Optimal conditions and then apply
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