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Different economists have different views about what events are the sources of market failure. Mainstream economic analysis widely accepts that a market failure (relative to Pareto efficiency) can occur for three main reasons: if the market is "monopolised" or a small group of businesses hold significant market power, if production of the good or service results in an externality (external ...
Thesaurus Linguae Latinae. A modern english thesaurus. A thesaurus (pl.: thesauri or thesauruses), sometimes called a synonym dictionary or dictionary of synonyms, is a reference work which arranges words by their meanings (or in simpler terms, a book where one can find different words with similar meanings to other words), [1] [2] sometimes as a hierarchy of broader and narrower terms ...
Synonym list in cuneiform on a clay tablet, Neo-Assyrian period [1] A synonym is a word, morpheme, or phrase that means precisely or nearly the same as another word, morpheme, or phrase in a given language. [2] For example, in the English language, the words begin, start, commence, and initiate are all synonyms of one another: they are ...
President-elect Donald Trump is set to take office on Jan. 20. Once he takes the reins, a number of economic changes could ensue. Trump has proposed slapping tariffs on goods the U.S. imports from ...
An example of a Pareto-inefficient distribution of the pie would be allocation of a quarter of the pie to each of the three, with the remainder discarded. [ 32 ] The liberal paradox elaborated by Amartya Sen shows that when people have preferences about what other people do, the goal of Pareto efficiency can come into conflict with the goal of ...
Cognitive synonymy is a type of synonymy in which synonyms are so similar in meaning that they cannot be differentiated either denotatively or connotatively, that is, not even by mental associations, connotations, emotive responses, and poetic value.
In Spain, four out of every five buildings use more energy than they should. They are either inadequately insulated or consume energy inefficiently. [71] [72] [73] The Unión de Créditos Immobiliarios (UCI), which has operations in Spain and Portugal, is increasing loans to homeowners and building management groups for energy-efficiency ...
For example, the company have a potential potential cost curve. However, due to the lack incentive to motivate on control costs, the company's actual cost curve is at a higher position compared to the potential cost curve. [2] The phenomenon of X-inefficiency is in relation to the allocation of effort, especially the managerial effort. [3]