Demand side market failure occurs when the business owner selling a particular product is not able to make the buyer pay for that particular product even though it may be in demand around that time.
Example are the Christmas decorations even though they are in demand around Christmas but the fact that they are decorating all over the most places, one can not charge people from looking and enjoying these decorations because they are usual all over the place .
Another example is also fireworks which are fired around Christmas everyone can enjoy them without having paid for them.
You still need to pay your sister the $25 because you must keep your word. A promise is a non-negotiable instrument because it is not in writing. If you were to have it in writing that it could be a more arguable case.
Normative organization It is one of the three formal organizations.Membership is free and they join to pursue shared values or goals. other examples include redcross, where member join voluntarily to promote humanitirian course.
