As a large manufacturing city, Zhongshan is comprehensively building a modern system to boost its new industrialisation. To promote the upgrading of traditional industries and develop new quality productive forces, Zhongshan needs to gain more support from entrepreneurs. Attracting talent from China and ...
Some suspected that a number of commodity exporting countries wished to substitute an inefficient socialist-style “planned” commodity economy which would result in an unfavorable shift in terms of trade against the developed countries. Industry groups saw the continuing UNCTAD negotiations as driven by...
This form of argument may seem odd to those in countries who have always assumed that (publicly provided) ECEC is a public responsibility. In a market economy, some goods and services can be bought and sold in competitive markets and, without substantial government involvement, buyers and ...
In a competitive market context, inefficient firms are likely to disappear and studying the origin of such inefficiencies can help in understanding the firm's destruction process. In non competitive markets, when a regulation exists, the evaluation of the relative productive efficiency of firms can ...
When are free market arrangements "inefficient," from an economic point of view? Why is income inequality "efficient," from an economic point of view What are economic models? How are they useful? What does the First Theorem of Welfare...
Procrastination is to find excuses to do the former rather than the latter. A solution to this mental hurdle is to limit the time we are willing to spend on the more important, but less rewarding, tasks. This is in contrast to limiting the time we spend between productive tasks. It ...
Certain developed countries have experienced the ‘peak car’ phenomenon. While this remains to be confirmed longitudinally, it looks certain that future mobility in Europe and elsewhere will be shaped by a particular technological development: driverles
to be profitable (we can assume the firms involved have analyzed that question), nor whether it is “socially desireable” in some broad and nebulous sense (it’s a fairly free-market economy, after all), but only whether the transaction is likely to reduce competition in the economy. ...
is important because inflationarytaxesadvocated by many earlier development economists are inefficient, inequitable, erode confidence in policy and in the prospects for the economy, discourage longer-run productive investments by increasing uncertainty, and are difficult to eliminate. Balance in international...
This gap between law and economics is particularly salient in laws protecting employees from discharge, wrongful or otherwise. In economics, employment protections are typically modeled as a form of turnover costs, leading to the view that such laws probably interfere with an economy’s efficient re...