12. The existence of negative externalities in consumption results in a misallocation of resources. This is because at the free market level of output the A marginal private benefit is greater than the marginal private cost. B marginal private cost is greater than the marginal social cost. C marginal social benefit is less than the …
Is There Any Hope For The UK economy? – And Other QuestionsWatch this video on YouTube Q. Is there hope for the UK economy? There is hope for the UK, despite very poor past 15 years, it is still a moderately wealthy country, with reasonably basic economic institutions. We are not in the same league …
The US is one of the richest economies in the world – with the 7th highest real GDP per capita. Not only that but the economy is booming with much higher rates of economic growth than elsewhere. However, in the real world, there is a disconnect, despite the undoubted wealth of America, many Americans feel …
Canada has an abundance of natural resources. Why Canada’s Economy is Doing Worse than You RealiseWatch this video on YouTube It has the third largest known supplies of oil in the world, helping to make it the 10th largest economy in the world and top 20 GDP per capita. It benefits from close economic ties …
The Worrying Decline of the German Economy – From Miracle to StagnationWatch this video on YouTube Last year, Germany was the worst-performing major economy in the world. Real wages have fallen, confidence plummeted and workers are protesting. Relative growth rates The only thing increasing is the cost of living, with Germany experiencing the highest inflation …
Why Norway Became Rich From Oil But The UK Lost OutWatch this video on YouTube Norway and UK are neighbours, separated only by the North Sea, with its rich mine of oil and gas reserves, but whilst Norway has used its good fortune to become the richest country in the world. The UK’s oil bonanza …
Is the Polish Economy Set to Overtake the UK Economy?Watch this video on YouTube In 2000, the average GDP per capita in the UK was over three times that of Poland. But with the UK economy stuck in a trap of low economic growth, forecasts suggest, on current growth trends Poland could overtake the UK …
Since privatisation in 1989, water bills have risen 40% and the industry is profitable for shareholders. Yet are households getting benefits? In recent years, we have seen a surge in the discharge of raw sewage, hosepipe bans and a lack of investment. OFWAT, the water regulator recently stated. “For some companies, poor performance has become …