An investigative report on Welfare
Policy in the U.K. Market
Outcome 3
动物作文400字 Candidate Name: WANGGAI
Grade and Class: 11 Financial rvices class 6
尘的成语
Catalog
孔子诞辰
● Introduce
弘历软件官方网站
● Section 1
● Section 2
● Rearch
Introduce：This report is market failure and government's role and the social welfare policy survey report, report the information from the website as well as books, in a report last may elucidate.
1、Market failurelan是什么： Market malfunction is due to intrinsic functional defects and external conditions caud by the defect of market mechanism in the allocation of resources in certain areas of operation. Becau the market monopoly and price distortion or for the public goods character becau of the asymmetric information and the external reasons,
caus the resources disposition of invalid or small effect, which can realize resource to configure zero opportunity cost of resource allocation state. 忆故人Usually ud for invalid rate of special major, or non market mechanism is more efficient and the ability to create wealth is better when the private choice. On the other hand, the market failure is usually ud to describe the market forces can not meet the status of public interest. Market failure establishes the basis for government intervention. The roles of government in attempting to correct the failures: merit goods, public goods, externalities and imperfect competition。Specific policy measures ud by the government of the UK, such as competition, health care, transport etc. The market mechanism may fail to provide the optimal mix of output. The optimal mix of output is the most desirable combination of output attainable with existing resources, technology and social values.
Government intervention in economic activities, but complementary, grant of. The government in market economy economic role, is to remedy market flaw or insufficient needs a decision. The role of government can be divided into regulation of human character, commonweal character, control characters, the arbitrator roles and role of night
watchman.
2、Public goods：The market mechanism works efficiently only if the benefits of consuming the good or rvice are available only to individuals who purcha it. Public goods are common. Pay consumer items, such as national power grid, public radio, all kinds of public facilities consulting and so on, and provide the is the government, the government is responsible for the provision of public goods to let you u.
3、Externalities有壶发现真实的世界：In market economy, a main body of the market (consumer or producer) of the conquences of the Act (cost or revenue), not by the subject himlf to bear, but by other subjects to bear, this is called external, or call the market externalities. Externalities cau of market mechanism in the allocation of resources function failure, is "market failure" which is one of the reasons. For example, Western countries t up factories in developing countries: more emission of waste gas waste water in other countries, in domestic emissions pollution are subject to strict fine, the developed country takes industrial waste shipped to some developed countries, at the same time, give some benefits in terms of commitment, to maintain their environment.
4、Merit Goods: Merit goods are required by individuals on a basis of need rather than on their ability to pay. Where a free market economy may fail to provide merit goods as they could be financially unattractive, the government will intervene and provide such a necessity as education. For example, Air has the u value, is one of the three elements of survival, but no value, which could not be called commodities, if a person into the deep mountains and forests, with bottles and cans of fresh air is transported to the polluted city in sale, the air will have a value, may be called a commodity.
5、Imperfect competition：Imperfect competition refers to such market perfect competition cannot be maintained, becau at least one large enough to influence the market price to the buyer (or ller), and therefore face a downward-sloping demand curve (or supply).Includes various incomplete factors, such as monopoly, oligopoly or monopoly competition. For example, In December 4, 1991, the United States Pan-American Airlines went bankrupt, the enterpri continuous loss of business for 10 years, becau it relies on to ll its asts to keep the business. 结婚祝福语高级一点的It put their asts to billion price has sold to the American government, as well as the major companies and busines
s tycoon.
