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Yassine G

BBC ON THIS DAY | 22 | 1955: New TV channel ends BBC monopoly - 0 views

news.bbc.co.uk/...3131477.stm

Monopoly BBC ends demand

shared by Yassine G on 16 Feb 14 - No Cached
  • Yassine G on 16 Feb 14
     
    This article demonstrates how the BBC monopoly was ended in 1955. It shows that monopoly is a bad thing and that it actually harms the consumer ( in this case the people who watched Tv). BBC's monopoly was somehow used to change people's point of view or to make them think in a certain way. This demonstrated the negative sides of a monopoly. 
Daniel B

Internet supplier monopoly - 2 views

www.newyorker.com/...n-cable-internet-monopoly.html

monopoly

shared by Daniel B on 16 Feb 14 - No Cached
  • Clemente F on 16 Feb 14
     
    This article discusses how monopolies are not efficient and real competition would be more efficient.
  • Daniel B on 18 Feb 14
     
    The greatest supplier of the Internet behaves in the anti-competitive way as a result that they want to swall up second biggest company on this market in the US. We have here typical situation of inefficiency on monopolistic market. The supplier provide services for high price as well as the provided services are well below the standards in comparison with other advanced countries.
Zuzanna G

Egypt's cigarette monopoly profits drop 9% y-o-y in first half of 2013/14 - 1 views

english.ahram.org.eg/...-profits-drop--yoy-in-fir.aspx

monopoly

shared by Zuzanna G on 16 Feb 14 - No Cached
  • Zuzanna G on 16 Feb 14
     
    This article gives an example of the state as a monopolist and its incomes.
Yassine G

Vote On Account 2014: Focus to shift back to the macros, says Religare Capital - Econom... - 0 views

articles.economictimes.indiatimes.com/...arkets-current-account-deficit

macroeconomics government focus capital

shared by Yassine G on 06 Mar 14 - No Cached
  • Yassine G on 06 Mar 14
     
    This article really relates to the concept of macroeconomics and how it is influenced. It illustrates how elections could affect macroeconomics in addition to external and foreign factors. 
John B

Venezuela businesses brace for more price controls - 0 views

espnsportsgolf.jovenesproponen.org/...-brace-for-more-price-controls

price controls

shared by John B on 16 Nov 13 - No Cached
  • Jorge Botti, president of Fedecamaras, said the Law for Fair Costs and Prices will spook investors looking for wider profit margins and cause shortages of basic goods because makers of numerous products will likely scale back production.
  • He said sweeping price regulations applied to goods and services in every area of Venezuela’s economy will inevitably hurt businesses already struggling with socialist-orientated policies established by President Hugo Chavez.
  • While price controls already exist for some basic foods such as cooking oil and rice, the law taking effect Tuesday will extend them to a wider range of goods and give the government more enforcement authority.
  • ...2 more annotations...
  • Officials will initially focus on setting price controls for food, personal hygiene and home cleaning products, construction materials, automobile parts, medicines and health care services before moving on to other areas of the economy, Granadillo said.
  • Luis Vicente Leon, director of the Venezuelan polling firm Datanalisis, which tracks the availability of basic goods and consumer prices, predicted the law won’t tame inflation and cause shortages of some goods.
  • John B on 16 Nov 13
     
    This article is about trying to bring down the inflation by imposing price controls for food, personal hygiene, home cleaning products, construction materials, automobile parts, medicines and health care services. I personally did not like this article since there were very little explanation of why things would occur. It was just stated one person thinks this will be a good idea, and another person thinks it is a bad idea. Nothing about why they think so.
Yassine G

Letter: Walmart is a market failure with many 'negative externalities' - 1 views

www.gazettetimes.com/...f5-11e2-80a7-001a4bcf887a.html

walmart market failure negative externalities

shared by Yassine G on 23 Nov 13 - No Cached
  • Yassine G on 23 Nov 13
     
    Walmart is considered to be the business number one in the world, in terms of revenue. However, from this article you can clearly see how their behavior towards stakeholders is really unethical. Many other articles also talk about how they treat their employees. This makes it clear that there is a negative externalize involved with this business. 
Mariam P

Childhood asthma "admissions down" after smoking ban - 3 views

www.bbc.co.uk/...health-21067532

negative externalities

shared by Mariam P on 23 Nov 13 - No Cached
  • Talisha R on 23 Nov 13
     
    This article talks about how the number of children submitted to hospital with asthma has decreased by 12% after smoking bans were put in place. This shows that the externality created by smoking is negative, it does not only affect the individual but the society as well therefore the social costs are greater than the private benefits. It shows how government intervention helps reduce the negative externalities.
  • Clemente F on 26 Nov 13
     
    The article: http://www.bbc.co.uk/news/health-21067532 This article talks about how the "number of children admitted to hospital with severe asthma" has decreased by 12% in the first year after the ban on smoking in public places. It is also thought that people are opting for smoke - free homes as well, further reducing the negative externalities of smoking.
John B

Steve Jobs And The Economics Of Place | ThinkProgress - 1 views

thinkprogress.org/...obs-and-the-economics-of-place

externalities of production

shared by John B on 23 Nov 13 - No Cached
  • One of the most fundamental elements of the economics of cities goes by the oddball name “agglomeration externalities” which is basically the idea that individuals and firms obtain productivity boosts by clustering together.
  • You see this again during the development of the Apple I. Steve Wozniak is employed by Hewlett-Packard at the time
  • Silicon Valley is not only a hub of electronics and engineering but also geographically proximate to San Francisco and the arts and counterculture scene with the influence that has on Jobs’ life and the aesthetic orientation of his company over time. The story keeps going on like this. Jobs doesn’t build the company alone, or even build it with his formal partners. He also builds it with an array of formal and informal personal and professional associates that you only meet in certain kinds of places and that can only exist given the pre-existing high density of electronics firms in the area.
  • ...1 more annotation...
  • Part of the moral of the story is about the role of luck and contingency in any successful person’s life. But an important part of it is about the importance of clusters as such and the way that past success can lay the groundwork for future success. America is home to many of the world’s most successful high tech companies today in large part because we were home to many of the world’s most successful high tech companies 35 years ago.
  • John B on 23 Nov 13
     
    This article is about the biography of Steve Jobs. It is talking about how Jobs used agglomeration externalities, "individuals and firms obtain productivity boosts by clustering together". By the use of the location, Jobs managed build up the company, but he is not alone building this company. He has his personal and professional associates that result in a boost in productivity. They use agglomeration.
Dina B

Carbon Dioxide Emissions Stimulating $15 Trillion in Crop Production - 1 views

news.heartland.org/...ng-15-trillion-crop-production

externalities of production

shared by Dina B on 23 Nov 13 - No Cached
  • Dina B on 23 Nov 13
     
    This article talks about how human carbon dioxide emissions as an example of positive externalities of production. From the tune of $160 billion per year.
Aleksi B

The oil spill, global warming and negative externalities - Views From Baja Arizona - 0 views

tucsoncitizen.com/...ing-and-negative-externalities

Externalities oil spill global warming production government

shared by Aleksi B on 24 Nov 13 - No Cached
  • A negative externality is an action of a product on consumers that imposes a negative side effect on a third party. Many negative externalities are related to the environmental consequences of production and use.
  • Aleksi B on 24 Nov 13
     
    Externalities of production - This article relates to how environmental disasters lead to a  negative externalaty
Jakub B

Why do economists describe climate change as a 'market failure'? - 0 views

www.theguardian.com/...-climate-change-market-failure

negative externalities

shared by Jakub B on 25 Nov 13 - No Cached
  • Jakub B on 25 Nov 13
     
    When free markets do not maximise society's welfare, they are said to 'fail' and policy intervention may be needed to correct them. Many economists have described climate change as an example of a market failure - though in fact a number of distinct market failures have been identified.
Sebastian G

Market to play 'decisive' role in allocating resources - 0 views

usa.chinadaily.com.cn/...content_17099940.htm

externalities of production.

shared by Sebastian G on 25 Nov 13 - No Cached
  • Sebastian G on 25 Nov 13
     
    THis article discribes how the markets play a role in the allocation of resources.
Haydn W

Structural Adjustment Policies and Africa - A Reply to Shantayanan Devarajan - 0 views

thinkafricapress.com/...ca-reply-shantanayan-devarajan

Market Failure Intervention Negative Externalities Externalities of Production Africa Government Intervention

shared by Haydn W on 26 Nov 13 - No Cached
  • Haydn W on 26 Nov 13
     
    This article explains how the utilisation of Structural Adjustment Policies in developing African countries is failing to bring about the growth they are claimed to achieve. SAP's were designed to achieve economic diversification and reduce poverty among other things but the author of this article argues that they have not achieved any of these any of these aims. SAP's are an example of government intervention in a market to prevent negative externalities.
Daniel B

A brewing fight - 0 views

www.economist.com/...taxes

externalities of production

shared by Daniel B on 23 Nov 13 - No Cached
  • Daniel B on 23 Nov 13
     
    EARLIER this year, when a lawsuit accused Anheuser-Busch of selling watered-down beer, it caused only a minor buzz. America's biggest breweries have long produced...
Aleksi B

India Plans Price Controls on Patented Drugs - WSJ.com - 0 views

online.wsj.com/...390443819404577633070809995582

india price controls drugs

shared by Aleksi B on 17 Nov 13 - No Cached
  • India plans to widen the scope of price controls on pharmaceuticals
  • The new proposals would extend price restrictions beyond generic medicines to apply for the first time to patented drugs
  • The plans come as Bayer AG BAYN.XE -0.17% Bayer AG Germany: Xetra €94.89 -0.16 -0.17% Nov. 15, 2013 5:35 pm Volume : 2.67M P/E Ratio 25.24 Market Cap €78.47 Billion Dividend Yield 2.00% Rev. per Employee €363,176 10/31/13 Bayer Boosted by New Drugs 09/13/13 Bayer Under Scrutiny in China More quote details and news » BAYN.XE in Your Value Your Change Short position is fighting an order from India's patent authority that required the Germany company to issue a license allowing an Indian generic-drug company to sell a less expensive copy of Bayer's patented cancer drug Nexavar.
  • ...3 more annotations...
  • India sets prices for 74 generic medicines and is considering increasing the number of medicines covered by price caps to 348
  • Any attempt to restrict prices of patented drugs likely will rankle foreign pharmaceutical companies
  • The move raised fears in India that without price controls patented drugs might be unaffordable for a majority of the country's 1.2 billion people.
  • Aleksi B on 17 Nov 13
     
    The article explains on how India are planning to put price controls on their drugs making them go for lower prices so that people can afford them.
Zuzanna G

Minimum wage madness - 0 views

www.realclearpolitics.com/...nimum_wage_madness_119954.html

price controls labor force prices

shared by Zuzanna G on 17 Nov 13 - No Cached
  • Zuzanna G on 17 Nov 13
     
    This article discusses the relation between minimum wage laws and unemployment.
Marenne M

Sweet and sour: Sugarcane farmers object over price set by mills - The Express Tribune - 0 views

tribune.com.pk/...object-over-price-set-by-mills

shared by Marenne M on 18 Nov 13 - No Cached
  • bumper crop this year but the government’s delay in setting a minimum selling price has soured their happiness
  • rice at which sugarcane is sold to sugar mills is usually set by the government in consultation with the Kisan Board
  • price floor is to protect the farmers’ interests as their costs are ever-increasing
  • ...4 more annotations...
  • mills have unilaterally declared the buying price to be Rs10 higher than last year’s price per 40 kilogrammes (kg)
  • ugar mills purchase and crush sugarcane without considering the rising cost of the primary sector
  • Farmers, on the other hand, dislike the idea of fixing the price on the basis of price of sugar as sugar mills have other products to earn from whereas the cost for cane growers has almost doubled
  • mill owners are trying to get the maximum benefit for the lowest price from their (the farmers’) hard work
  • Marenne M on 18 Nov 13
     
    This article describes how every year the government places a price floor to ensure the farmers interest as prices increase. This article concerns the fact that the government has not yet set a minimum price for the purchase of the sugarcane. This leads to problems for the farmers, because the mills decide the price of the sugarcane without considering the cost of the farmers.
fie dahl

Sinopec profit rises as fuel price controls eased - 0 views

diigo.com/01brx2

controls

shared by fie dahl on 19 Nov 13 - No Cached
  • fie dahl on 19 Nov 13
     
    The article talks about how Sinopec's profit increased because of an ease in price control - this allowed the company to follow the international priced and thereby increase the revenue.
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