What Causes Market Inefficiency Assignment Example | Topics and Well Written Essays - 250 words

What Causes Market Inefficiency - Assignment Example The following situation may lead the market mechanism in not leading to the most efficient output and market will fail. These situations can be classified under the following head: The examples of externalities are, suppose that a person is suffering from a contagious disease. He considers that by going to a doctor, his costs will be the fees paid to doctor and benefits will be the cure of the disease. However, he will not take into account the fact that if he does not go to the doctor, other people might catch the same disease. This will result in less-urgency for him to go to the doctor. This shows how ignorance of negative externalities can lead to over production or irrational response. Now, let’s look at the example of negative externality in the context of a business or economic decision. Suppose you want to buy a car. The main consideration for the purchase will be the cost of the car and possible benefits attained from the car. However, market mechanism will ignore the impact of car purchase on the environment and other parties such as pollution, road congestion and accidents. This ignorance may tempt you into purchasing the good and hence there will be an over-production of good due to negative

The poem Essay Example | Topics and Well Written Essays - 500 words

The poem - Essay Example The period idolized the imagination as the highest of human capacities. This was largely because of its creative abilities and as a means of reacting to sweeping change in every aspect of life. It also esteemed nature because of the creative element inherent in it and because of the manifestation of the imagination that could be found within it. This refers to the idea that we create what we see, reflecting a growing awareness of our co-existence with our environment. The world was full of symbols and signs that would portend future events and actions which were knowable through their relationship to the myths and legends of antiquity. The period had some overlap with the transcendental movement as well in which everything encountered in life had a higher spiritual meaning. These concepts of using natural symbols to convey a deeply spiritual idea by pushing the reader’s imagination can be traced through much of Dickenson’s poetry. By avoiding titles, she forces her readers to pay closer attention to what the poem says as a means of identification at least. Once she has her reader engaged in her poem, she then uses natural imagery to make a closer connection with the reader. This can be found in lines such as â€Å"invisible as music / But positive as sound† (This world is not conclusion 3-4); â€Å"They went to God’s right hand / That hand is amputated now† (Those dying then 3-4); and â€Å"Tell all the truth but tell it slant / Success in circuit lies† (Tell all the truth but tell it slant 1-2). In each of these lines, Dickenson encourages her readers to create a mental image analogy of her idea, but this also requires the engagement of the imagination at the same