Economists use the distinction between private and public goods to determine what projects and activities should be undertaken by the government.
In the economy, there are different types of goods among which, public goods are goods which are produced by the government or by nature for the welfare of the people without any cost. On the other hand, private goods are the ones manufactured and sold by private companies to earn a profit.
Economists use this distinction between different goods to allow the government to decide which goods are considered public goods so that the government can channel the funds in order to provide the public goods to the economy.
Hence, both public and private goods have their own importance in the economy.
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The scenario that show workplace rules need to be changed is Workers voting to disband their union because they feel that it has not adequately represent their interest.
<h3>What is a workplace?</h3>
A workplace is a designated location or place where employees of and employer work or a place where workers perform their designated duties.
Therefore, The scenario that indicate workplace rules need to be changed to resolve conflict is Workers voting to disband their union because they feel that it has not adequately represent their interest.
The question is incomplete are the options were not given.
Here are the options from another website.
- A lack of deadlines for research staff, preventing other staff members from getting information in a timely fashion
- Line workers and executives not eating together at lunch, except for onescheduled day each month
- An employee threatening to quit, because he did not get a raise that he hadcounted on and believed he deserved
- Workers voting to disband their union because they feel that it has not adequately represent their interest.
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Answer: A service concession arrangement (D)
Explanation:
A service concession arrangement is an agreement whereby the government contracts with a private enterprise in order to operate, develop and maintain an infrastructural facility such as a tunnel, bridge, road, hospital, airport or prison. The government regulates and controls the kind of services the operator must provide, to whom the services are provided and at the price the services will be provided.
Concession agreements can also be between a non-governmental owner and a concessionaire, whereby the non-governmental owner gives the operator the exclusive rights to use and maintain the business for a stipulated period of time under specified conditions.
Answer: synergy
Explanation: Synergy refers to the idea that the total value and output of two groups of individuals should surpass the total of that same individual components.
Synergy is really a concept most frequently used within mergers and acquisitions (M&A). Synergy is most often a driving factor underneath a merger, or the possible financial gain gained through the combination of businesses.
Stockholders will profit if, owing to the synergistic impact of the transaction, the post-merger stock price of a corporation rises. The projected savings gained through the merger can be linked to various factors such as higher revenues, shared expertise, and innovation, or reduced costs.
Answer:
Monopoly
Oligopoly
monopolistic competition
Perfect competition
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
examples of monopolistic competition are restaurants
A monopoly is when there is only one firm operating in an industry. there is usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is an utility company
An oligopoly is when there are few large firms operating in an industry. there is high barriers to entry and exit of firms
