Answer:
Perfect competition
Explanation:
The widget market is best described as a perfectly competitive market. A perfectly competitive market is a type of market without restriction in entry and exit, it is characterized by many sellers of similar products and buyers and there is perfect information about the price of goods. In a perfectly competitive market, due to the free entry and exit, no single producer has an influence over the price of goods. In the long-run, in perfectly competitive market, there is no economic profit because more producers will enter the market if it is profitable thus bringing about competition which will cause average revenue to equal average cost in the long run.
The social work profession promotes societal change, the solving of human relations problems, and promotes people's ability and aptitude for their well-being. Using theories of human behavior and social systems, social work intervenes where people interact with their environments. In this context, respect for human rights and social justice are fundamental to social work. The performance of the social worker is closely related to the need to solve social problems. In this context, Social Work tends to focus its intervention on people's problems within their environmental context, equating systemic and ecological interventions. This is because individuals are influenced by the strengths and weaknesses of everything that orbits around them: family, workplace, reference groups, among other values.
Social work has developed within the framework of humanitarian and democratic ideals, based on respect for the equality, oneness and dignity of the human person. Its intervention consists, above all, in the development of individual, collective and social capacities at the cognitive, relational and organizational levels, facing the individual under different systems.
<u>Answer:</u>
Government failures are the factors that impede the attainment of economic efficiency in the public sector.
<u>Explanation:</u>
- The government is responsible for the implementation of schemes and policies for the betterment of it’s subjects. If the government fails in the implementation of these schemes which are mostly economic, it directly affects the economic efficiency of the nation.
- Most schemes introduced by the government are in the public sector. If the public sector fails to give returns that are expected, it is termed as a government failure.
Richard nixon propsed the development of EPA