Market failures are associated with allocative resource efficiency. This is an explanation in classical microeconomic theory to explain situations of exception when private enterprise in a free market system does not allocate resources to the best of its ability. Recalling that by classical microeconomic theory, it is private initiative that allocates resources in the best way, so that the government acts only as a regulator. Thus, private initiative would be able to produce and market goods and services at the lowest cost, that is, more efficiently than if the government acted in the market.
The reason for market success or failure in liberal economies is the prospect of profit. Building apartment buildings is highly profitable, so market parameters work perfectly. Construction firms will strive to build apartments that are appealing to consumers at the lowest possible cost and thus make a profit. However, building a bridge under a river does not bring a prospect of profit, except in the case of toll bridge privatization. It is an infrastructure work necessary to facilitate the transportation of products and people. Therefore, in this case, there is no efficient allocation of resources by the market as there is no prospect of profit. This is the market failure. In this case, it is the government that acts in the construction of the bridge, in order to solve the market failure.
Answer:
i t means they want to create a partnership business
1. the legislative branch of government (Congress) examines a proposed bill and can either reject or vote to make it into a law.
2: when Congress votes in favor of making a bill into law, the Executive branch of government ( the president) signs it into law. If the president does not approve of the bill, he/she can veto it, and send recommendations to Congress to amend the bill.
if Congress approves a bill 2/3 or more of both the house and Senate, it shall become a law, and the president cant veto it.
3: The judicial branch of government (the supreme Court) interprets laws and upholds the constitution. When disagreements occur between the legislative and executive branches of government, the judicial branch has the power to resolve the disagreement by interpreting the law in view of existing laws and the consitution.
4: the varying roles of the three branches of government prove a system of checks and balances so that no branch of government can abuse power or authority over the governed.
Answer: What was the main point of Helen Hunt Jackson's book Century of Dishonor quizlet?
Author of the 1881 book A Century of Dishonor. The book exposed the U.S. government's many broken promises to the Native Americans. Written by Helen Hunt Jackson, it detailed the injustices made to Native Americans during US expansion.
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Answer:
Most weapons sadly
Explanation:
Deadly gases are considered immoral along with nuclear weapons. Almost all weapons that use ammunition are morally acceptable, tanks, guns, aircraft. I hope this helps, please mark brainiest. Thank you,
