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Meaning of government failures
Government intervention can surely help in solving any problems related to market failures which can give opportunity to attain any social efficient allocation of different resources. Government failure is known to be a situation when government intervention is adopted in order to rectify market failure which happens due to inefficiency and leading of misallocation of resource scarcity.
Our government failures; rent seeking, and public choice assignment help will give complete clarity on subject by sighting some of the valid examples:
- Taxes on services and goods can easily enhance the price artificially and then distort efficient operations of market. In case of tax on income can help to create disincentive effect and also discourage any individuals.
- Government can fix up prices that may either be minimum or maximum prices which can create distortion.
Define ‘rent seeking’
Rent seeking is related to the other costs that are involved in society. The rent provided by government would not turn out to be economically productive. With government failures; rent seeking, and public choice assignment help you will get to know about resources which can easily be adopted to persuade any officials and finally grant exemption from competition. It can be in waste and this would not include money, but also involve diversion of talent as well as time into rent seeking.
Public choice theory- what is it?
Myhomeworkhelp.com comes up with government failures; rent seeking, and public choice homework help and this gives you ability to learn about public choice theory which would help in proper analysis of development in economy. It can easily be applied through economic tools which can understand different issues that may happen inside political system. It includes different studies of government officials, politicians and also behavior of voters.
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