Essays on Public Good

One of the main advantages of literature lies in its ability to communicate various cultural experiences and provide greater knowledge and deeper understanding of foreign traditions for the reader. In the Western civilization, Eastern religious traditions and cultures informed by them are perceived with interest, fascination and even fear; while lack of understanding can often impair successful interaction and communication. In addressing the issue of religious values, the authors of two books, Confucius Lives Next Door: What Living in the East Teaches Us about Living in the West and Children of Dust: A Portrait of a Muslim as a ...

The term ‘actus reus’ refers to the physical component of the crime, while ‘mens rea’ addresses the mental aspect of the offence. Situations, when the alleged perpetrator has the actus reus, but lack mens rea can be different, and a solution depends on the constituent components of a particular crime. First of all, strict liability offences and a range of other offences that differ across statutes and common law under different jurisdictions do not require proving mens rea. Strict liability often refers to minor offences (e.g., selling alcohol to an under-aged individual), where it is hard to determine the ...

Introduction

If one runs a business or invents something new it is necessary to protect intellectual property in order to succeed in the field. From all of this arises one question: what is exactly intellectual property and which are the ways to protect it? At the first sight, it may seem that it is a merely positive thing but there are some cases in which issues which are concerned with intellectual property become harmful and create problems to other people and the author itself. Thus, the aim of the following essay is to discuss the issue of intellectual property, its ...

First of all it is necessary to give the definition to the term market failure. Market failure is “something that is inherent to the market that causes the market equilibrium allocation to be inefficient” (Morey, 2015). According to Pettinger, market failures “occurs when there is an inefficient allocation of resources in a free market” (Pettinger, 2015). Both of these definitions underline that market failure is the situation opposite the ideal market. Taking into the consideration, that we live in times when ideal market do not exist in reality and is replaced by tough economic rules and high competition.

There exist 10 main types of market failures:

Externalities – ...

Question 1

Conditions That Will Exist If Tuition Is kept Below Equilibrium Price When the tuition is set at a fee which is below the equilibrium, the demand will be more than the supply; thus there will be a distress situation that is not conducive to education. This would show a good effort by the government, as people will see it as a show of constructive and admirable strength by the government to make education relatively cheap. The effect of this is an increase in the number of students’ intake and in a great way and educated society. This situation is ...

Google initially argued that filtering Internet content is less damaging than riot making its search engine available in the Chinese market. Do you agree? I agree with Google, as I think that complying with Chinese rules and filtering Internet content is less damaging than riot making its search engine available in the Chinese market, as it brings fewer problems with Chinese government, fewer conflicts, and less financial losses. Furthermore, Google’s decision secures its position in China and allows the company operating there, while the riot can lead to Google’s exit from Chinese market without any possibilities to ...

Analysis of How Uber Changes the Way World Moves

Executive Summary ---------------------------------------------------------------------------------- 3 Analysis of the Uber’s Business Model ----------------------------------------------------------- 3

The Revenue-Generation Model of Uber ------------------------------------------------ 5 Value Propositions -------------------------------------------------------------------------- 7 Uber and the Decision-Making Process ----------------------------------------------------------- 8

References --------------------------------------------------------------------------------------------- 10

Executive Summary Generally functioning in connecting passengers and cab drivers in the shortest amount of time possible, Uber is considered by many to be one of the most groundbreaking innovations of this era where advanced technology is the primary key to serve people in the most efficient way possible. Making a big name in less than a decade, many still question the methodology employed by Uber for it ...

In the system of practical philosophy, ethics occupies a special place. It specifies the ethics and inspires a well-known formula of the ancient philosopher Protagoras that man is the measure of all things, justifying the idea of man as the highest value and self-worth, the sense of life and how to achieve happiness. Ethics calls to treat a man as the aim and never treat man merely as a means. Ethics is a philosophy of morals, values, and ethos. The concept of morality is often limited to the level of elementary culture of communication, so the meaning and the ...

1. Define the ways in which each component (police, courts, and corrections) of the criminal justice system administers justice. Which component is most effective at meeting their goals? Police play the role of working with the public in order to enforce legal requirements and protect the privacy and liberty of individuals. In order to do this, however, police rely on the underlying cultural values and norms of the communities in which they function. Police interact with the public in order to ascertain those that are committing offenses and present these individuals to the criminal justice system for sentencing of ...

Introduction

Ideally, if the government left the markets to themselves, there should be a form of market efficiency, only that there is not. Government interventions and rules affect supply and demand of products, so when there are subsidies and quotas, the equilibrium price goes down or up, affecting the quantity of products in the market. On a free market situation, externalities and public goods disrupt the market efficiency, causing market failures. Externalities can be defined as those costs or benefits that are not entirely borne by the market (Library Economics Liberty, 2002). Public goods are services and goods designed for ...

In a world where every country has nuclear arms at its disposal, no one wins. While it may benefit individual countries to be in possession of nuclear weapons, no country benefits from having neighbors that possess them. The reason why, in contrast to the predictions of President Kennedy 50 years ago, there are only nine countries that have nuclear weapons, is because our world leaders understand that to resolve the international strategic dilemma posed by the arms race, the majority of countries must assent to being non-nuclear weapons states. The cold war nuclear arms race can be described in ...

In this paper, Bob Meister conducts an in-depth look at the public university situation in the US at the moment considering its major issues and the conditions that led to the current situation. The exploration is conducted with a special emphasis on California State as it provides a perfect historical overview of the education system as it changed from a model system to the where it is currently.

Privatization is the Problem, Not the Solution

There has been a consensus that taxpayer funding for colleges has reduced and therefore it is “unrealistic” for the universities to depend on state funding as this relies ultimately on the ...

Introduction

This literature seeks to explore the correlation between class issues and schooling based on an Australian model of study. Most of the authors in this review agree that there is a correlation between class issues and the way schools are perceived and operated. The rise of neoliberalism has led way to an induction of creating a greater divide between the haves and have nots. Australian schools have shifted from the dynamics of the 1970s and 1980’s where the idea of a more balanced school system was part of educational reform. However, as of 2009 this has shifted and ...

Externalities take place when consumers/manufacturers activities have an unintentional or indirect impact on other consumers/manufacturers without affecting prices. According to Sankar, externalities may cause positive and negative effects (6). In other words, if the consumer or a group grants certain benefits to other economic agents, the externality is positive; if any activity is disadvantageous to other groups or individuals, then the externality is negative (7). According to Stiglitz (216), “Externalities arise whenever an individual or firm undertakes an action that has an effect on other individual or firm”. The externalities phenomenon tends to have a spillover effect in the ...

Problem A

Price elasticity of supply can be calculated by using the following formula: ES=% change in quantity supplied% change in price=(1200010000-1)(222200-1)=2011≈1.82

Since ES>1, the supply is elastic.

Problem B Public goods differ from private goods in the following two characteristics: First of all, there is no competition in consumption of public goods. Consumption of such goods by anyone does not reduce its amount available for others. For example, listening to the radio by one group of listeners does not preclude the possibility of doing the same for the others. Or, say, the use of a beacon of light to guide a ship ...

Immigration policy in the U.S has evolved over the years, yet it has failed to address pertinent issues with regard to immigration, especially illegal immigration, which has continued to rise; a new policy approach would be necessary if the problems bedeviling immigration are to be addressed. America’s immigration policy has over the decades been a major public policy issue, especially during the peaks of election cycles. The immigration policy has by no means been harmonized in the country’s history. As a testament to this, the purview of immigration policy has more often than not been left to ...

Public Transportation

Abstract Jackson Transit system is a program that provides public transportation services in the city of Jackson. JATRAN aims at offering quality and secure transport services to meet the demand of it passengers and promote more ridership. JATRAN complies with the local and federal regulations in providing transportation services. Jackson Transit system has drawn the attention of various researchers in the past. Various researchers indicate the importance of the transit and challenges facing the transport system. Research by the institute of transport studies (Monash University) in 2010 shows the reliability of the transportation system (Taylor et al. 2011). JATRAN ...

Education is a public good because it comprises of several features of public good. But, it is not a perfect public good. It is a public good because it ensures productivity in terms of human capital accumulation, and also ensures economic growth. With the increase in education, productivity and economic growth increases. There is a market inefficiency as there is under supply of education, and demand of society is not met. This can be considered from the fact that with the increase in education productivity, which may pave the way to creation of externality when educated workers fail to ...