Market failure is a state with inefficient disseminating products in a free market, where the products could be goods or services. Market failure happens where the economic situations have the people applying incentives for their rational behaviors to ensure that they get good outcomes as they...
For example, in a group project, each member may have his or her own ideas about how to accomplish the task. What we should do is to have a full discussion so that each member can express his or her ideas instead of dismissing each other. ...
A.Because of the air pollution.B.Because of the heavy traffic.C.Because of the high cost of living. 免费查看参考答案及解析 题目: A.Why notB.No, I can’t.C.OK, I’ll try. 免费查看参考答案及解析 题目: —Why not take ___ umbrella with the sign “ Made in China” It is __...
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Environmental sustainability focuses on reducing or eliminating negative impacts on the environment by minimising greenhouse gas (GHG) emissions, reducing waste and pollution, and conserving natural resources. The social aspect focuses on promoting social equity, diversity, and inclusion by ensuring fair an...
Public goods are an important source of market failure. When it comes to public goods, usually the government has to intervene in the market in order to restore efficiency.Answer and Explanation: Public goods are goods that have two important characteristics: 1) Non-rivalry: this implies that...
The eutrophication of Lake Baikal in Russia can serve as an example of the latter case. Eutrophication is an important problem that is exacerbated due to various human activities and climate change (Brown et al., 2021, Kravtsova et al., 2014, Kravtsova et al., 2019, Kobanova et al., 201...
From an environmental perspective, we might also rejoice that we are producing more wealth through our expertise rather than through the production of stuff that requires energy and resources and usually leaves a huge trail of pollution and waste. Services often require little more than a home ...
those who lack a sense of social responsibility always put their needs firstinstead ofpublic environment.For another, the sense of social responsibility is beneficial to strengthening oursocial cohesion.For example, whenever a disasteroccurs, a large number of volunteers full of social responsibilitydevo...
clean-energy investment originating from non-OECD countries soared from $4.9 billion to $72.6 billion – almost half of the global total – presumably based on their recognition that decreased pollution implies vast environmental and health benefits. Here, China has made the largest contribution, chan...