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Advantage of public goods
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Question 1
Public goods:
Public goods are provided only by the government. If the market does not provide particular goods/services then there must be some government intervention. Public goods are ‘communal services’ that are provided to ensure there is access for the market without prejudice. This means that whether individuals pay taxes or not then they still have access to their services, this is known as ‘non excludability. The government providing their services also means that the availability of the service is not reduced due to one user’s consumption of the service.
An example of public goods provided by the government would include: street lighting and household utilities like water. Water is a good example of where it’s consumption in one household does not affect it’s availability to other households. Public goods like flood controlling system could not be left to the ‘free market mechanism’ as it would result in a gap in the market. The reason for this would be because a service like this could not be monitored by a private company in order to charge the consumer.
Merit goods:
Merit goods are provided by the government and also the privet sector. The privet sector provides their goods at a higher cost that not all of the society can afford. A merit good is a product that the public values, they also believe that everyone should be able to receive it regardless of there. In Scotland there is a free government education system and free prescriptions. The government provide these goods because they believe that if the decision was left to the ‘free market’ then individuals may not act in their best interest, in part because of imperfect information. If the government provides these goods then most people will receive t...
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...t, Africa and South America still allow cartels to adjust oil prices which have a knock on effect on all countries economies along with inflation. Cartels like OPEC still operate. Every 3 months OPEC decides how many barrels will be supplied, the more barrels supplied-the cheaper the petrol and the less barrels supplies-the dearer the petrol. At the meetings they decide whether to increase or decrease the barrels which I believe is wrong and should be stopped. If this same thing was happening in the UK it would be illegal.
Wikipedia agreeing to it being a cartel: http://en.wikipedia.org/wiki/OPEC ‘OPEC (/ˈoʊpɛk/ OH-pek) (Organization of the Petroleum Exporting Countries) is an oil cartel whose mission is to coordinate the policies of the oil-producing countries. The goal is to secure a steady income to the member states and to secure supply of oil to the consumers’
What is the Common Good for All Americans? What was the common good for all Americans in 1776? Thomas Paine, a political activist during America’s struggle for independence from England, argues in Common Sense, a pamphlet published in the Pennsylvania Magazine, with the American colonists, demanding a revolt against the British crown (Thomas Paine). He passionately believes that the answer to the “.benefit of all people in [American] society” (Thomas Paine) will result from the freedom of oppression for the thirteen American colonies. Common Sense, “the most incendiary and popular pamphlet of the entire revolutionary era”, remains noted by historians as one of the most influential pieces of literature during the era of the American Revolution that opened the gates to the ratification of the Declaration of Independence that 56 delegates signed on July 4, 1776, granting America’s freedoms from England (Thomas Paine).
Almost every single nation in our world today, the United States included, is extremely reliant on oil and how much of it we can obtain. Wars have started between countries vying for control of this valuable natural resource. The United States as a whole has been trying to reduce its reliance on foreign oil and has had some success, especially with the discovery of the Bakken formation and projects like the Keystone Pipeline. Projects like the Keystone Pipeline are important as they will allow us to transport more oil than we would be able to in train cars, and grant larger access to oil reserves in the United States and Canada. The Keystone Pipeline itself is an oil pipeline which runs from the western Canadian sedimentary basin in Alberta, Canada to refineries in the United States.
America is dependent on other nations for their ability to create energy. The United States is the world’s largest consumer of oil at 18.49 million barrels of oil per day. And it will continue to be that way for the foreseeable future considering the next largest customer of oil only consumes about 60% of what the U.S. does. This makes the U.S. vulnerable to any instability that may arise in the energy industry. In 2011, the world’s top three oil companies were Saudi Aramco (12%), National Iranian Oil Company (5%), and China National Petroleum Corp (4%). The risk associated with these countries being the top oil producers is twofold. One, they are located half way around the world making it an expensive to transport the product logistically to a desired destination. And two, the U.S. has weak, if not contentious,...
The public interest defence was created by the deformation act 2013, to protect defamatory material. The concept of public interest can be a vague term. What one might consider public interest someone else may not? For example, some people believe celebrity gossip is the public interest. The public recognises the term public interest and it is used as a defence for media intrusions of privacy. Everyone has the right to privacy, but sometimes this is not the case. Depending on the person or the organisation this can be invaded depending on the degree of the public interest. In order for something to be in the public interest, the subject has to be of interest for a collective amount of people not just for an individual. The breaches of exposing privacy would be exempt if it was to be to expose crime if an investigator was to breach someone’s privacy but they were exposing crime, which would be of public interest, and then this would be acceptable. Protecting the public health or safety of the public is also an exception, protecting the public from being misled. Also disclosing someone’s failure or likely failure by any obligation they have. In order for these reasons to become except the publication will need to justify why this would
have you ever seen a commercial asking for donations for a foreign cause? Almost all the charities that you will see will be for overseas America has issues just like other countries, just America 's issues are cover up by the more fortunate. There are hundreds of charities around the world for many different things. There is charities for kids, dogs, cats, birds, snakes, fish, disease,and pretty well anything you can think of, but most of these charities focus on foreign issues. in the case of most charities, 25% of the donation money doesn’t make it to the cause, it goes to the volunteers or ads, this is even with non profit organizations. Americans donate a minimum of 16 billion dollars per year to
People’s lives are changed every day by their actions and experiences. This past summer, I participated in a community service project, an experience that opened my eyes in many ways. I was a volunteer at the County Memorial Hospital. In my time as a volunteer at the hospital, I was able to meet patients and staff members from all over the world and learn about their life experiences. Listening to all of their stories has made me truly appreciate everything which I have.
6. Evaluate the social welfare system in the U.S. In doing so, be sure to discuss the types of programs and principal characteristics of each. What is your overall assessment of the American social welfare system, whether in itself or in comparison with other countries.
There is no individual owner in the Public Sector. Advantages: · Their main aim is to provide a service, not to make a profit · They will still run even if there is few people using the service · Government is in a good position to plan the overall provision for the country Disadvantages: · It is difficult to motivate employees in an impersonal business such as this · The tax payer has to meet higher tax payments if the business makes a loss · The running of the business can be politically influenced. Private Sector These are businesses owned and run by private people. To start a business in the Private Sector, they have to raise their own capital in order to pay for rent, stock, machinery etc. Some of these businesses can be small and owned and run by one person, other businesses can be larger and run by a group of people.
OPEC was established in the 1960's and ever since, Saudi Arabia gained a reputation of being the major power of the organization. Saudi Arabia has the biggest oil reserves in the world and production costs lower than any country. (economist.com 2003)This means that it is a natural monopoly and economies of scale arises; when the long run average total cost falls as the quantity of output increases as illustrated in figure 1. (Gans, J. King, S., Mankiw, N., 2003) Saudi Arabia is the undisputed leader of OPEC.
Ensuring equity of acess, meeting social objectives and providing public goods.were considered the main reasons why the public sector provided goods. Why governments intervened in the market was due mainly to charactoristics of the market place. If the market place was to function efficiently, several conditions needed to exsist, including,
Because of their nature the private sector is unlikely to be willing and able to provide public goods. The government therefore provides them for collective consumption and finances them through general taxation.
Therefore a free market is not desirable as maximizing their utility is priority. So government is expected to correct the market failure by choosing to char...
The principle of Utility is considered as the “greatest happiness principle”. Mill defines this principle as actions are right if they tend to promote the most happiness and wrong if they tend to produce the reverse of happiness (Utilitarianism, 7). There have been many arguments against the principle of utility. People who are against this principle argue that there is no time to calculate what generates the most happiness in a given situation. Mills responds to this objection by explaining how secondary moral reasoning and the fundamental principle of morality are taken into account when deciding what promotes the most overall happiness. After explaining his argument, I believe Mill succeeds in responding to the objection, he explains why it shouldn’t be a problem when weighing the best possible outcome by using the secondary moral rule as the first principle.
The concept of citizenship traditionally has two meanings: it both implies legal relationships between a person and a country, thus being close to nationality, and defines a normative ideal of the association with a political community and an active participation in it; while analyzing the attributes of ‘a good citizen’, we mostly deal with the latter. Though it is democracy that enables us to fully exploit the capacities of our citizenship by giving us civil, political and social rights, it itself requires responsible citizens for proper functioning of its institutions. However, more and more people these days prefer to abstain from public life and to pursue private interests, and with the growth of passive citizenship, it is worth asking: what does constitute a good citizen? I believe that a good citizen is a person who never makes a choice between private interests and public activities, but the one whose life is balanced between those two, the one who needs to step outside the close circle to fulfill his life-mission, to realize his potential.
Public policy can be defined as “What ever governments choose to do or not do” (Dye, 2008, p 2). In the context of this essay, public policies are a set of actors by the government in order to reach out to the masses. The ministries and departments are mandated to deliver specific mandates in the form of public goods and services.