Explain how does market failure cannot deliver theoretical benefits and what are its effects on the economy?
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Explain how does market failure cannot deliver theoretical benefits and what are its effects on the economy? Please write not less than 100 words
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- In order for a market to exisit, there must be a need for a product, ability to pay, willing to buy, authority to buy, and be a group large enough to result in a profit. Without these, you do not have a viable market. What are some things a person can do to prevent not having a viable market?Explain why The three economic areas of consumers’ incomes, inflation, and recession. are of greatest concern to most marketers?Discuss the economic impact due to covid 19?
- Why inflation in not considered in future value?Why would the market produce an inadequate level of some goods and services which society might view as critical for people's well-being? On the same note, why would they use a significant quantity of resources to produce goods and services which contributed little to society’s overall well-being?Explain the term consumer price index (CPI).
- How will you help your friend with their plan to prevent the circumstances that led to the unsatisfactory academic progress? College finance aidCompare the major events and their consequences leading up to the crises and shocks in the oil market associated with the oil crises in 1973, and during the Covid-19 outbreak in 2020. Explain your answer by considering discussions and examples