Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 2.3, Problem 2.3AQ
Summary Introduction

To determine: The factors that lead to slower growth in socialist countries.

Introduction:

Socialism is a type of economy where the major businesses and public utilities are operated by the government.

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4. (i) Briefly explain the reasons for market failure.                                          (ii) What does market failure affect to an economy and the society?                  (iii) How does the government intervene to correct Market failure? Provide at least two examples from Sri Lanka.
"Monetizing environmental sustainability" means that O a company can produce environmentally friendly products and still grow and be profitable in the long-term. O a country should issue currency notes that promote good environmental practices. laws need to be passed forcing companies to make money by being more environmentally friendly. O banks should lend money only to companies that follow good environmental practices.
So, I changed one of my user's phone plans to allow for international calling, awhile back, but when I received the bill from Verizon, it turns out that some of the countries in Africa that was visited do not have reliable or managed cellular service. It made me wonder about not only cellular coverage but also access to the Internet.  1) "A country that wants to progress economically and provide opportunities for its citizens must ensure that Internet access is widely available." Do you agree with this statement? Why or why not? 2) Net neutrality has been described as the preservation of an open Internet and the ability to communicate freely online. How does this relate to the workplace?
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