My stunning padlet by David Smith https://padlet.com/dbs71269/n8tv4bpu6yf5 Made with big dreams en-us 2017-05-10 07:56:00 UTC 2017-05-10 09:16:23 UTC hello@padlet.com Marra ivarsson_martha https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170952002 Positive externality: It is a result of economic transaction of a third party economic system. Which means that a economic that include individual organisation and owners of houses and land or resources such as results of farming and these individuals are indirectly affected.
Such as if peoples would start going to the library then the Positive externality is that people would be more educated and have a higher IQ.

]]> 2017-05-10 08:51:49 UTC https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170952002 minimum pricing: is when the government interven in order to control and reduce the total pricing of goods and services in a certain country so that the majority of its people can afford. ali_mowhob https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170952497 2017-05-10 08:54:10 UTC https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170952497 taxation: is money taxed or taken from the working people in order to build the inferstrcture of the country and build hospitals and schools ect. ali_mowhob https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170953135 2017-05-10 08:57:33 UTC https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170953135 Marra ivarsson_martha https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170953322
Public goods: One or several services that are made for everyone without profit, in other words services that everyone are entitled to use or have for free.]]> 2017-05-10 08:58:34 UTC https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170953322 Marra ivarsson_martha https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170953797 Maximum price: Price ceiling is the maximum price of a product or service. The maximum price is decided by the government and it is illegal to charge more than the maximum price. ]]> 2017-05-10 09:01:05 UTC https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170953797 buffer stock scheme: to protect and ensure that the stock scheme is more organized, safe and efficiently used. ali_mowhob https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170954036 2017-05-10 09:02:24 UTC https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170954036 Marra ivarsson_martha https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170954109 Subsidies: Is a capital of money that is given by the government to a industry to grant them to have lower prices to balance with the economy. ]]> 2017-05-10 09:02:50 UTC https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170954109 Marra ivarsson_martha https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170954362 Demerit goods: Is a service or a good that is considered bad for the consumer and the society to use or consume. Such as cigarettes, alcohol, unhealthy food etc.]]> 2017-05-10 09:04:34 UTC https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170954362 merit goods: are health goods that the country would benefit from and keep people health and that will result in a better society such as eduction. ali_mowhob https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170954569 2017-05-10 09:05:41 UTC https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170954569 factor immobility: Factor immobility occurs when there are difficulties or issues regarding factors of production ali_mowhob https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170955147 2017-05-10 09:09:11 UTC https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170955147 marra ivarsson_martha https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170955214
Information failure: Market failure often occurs due to that consumers have lacked the information of “the danger” of a product or service they use oro want to use. Such as hoverboard or samsung phone, the consumers had no idea that they could exploded and by life threatening. Or that people with a nut allergy would buy something with nuts in it without a warning or information about the ingredients. ]]> 2017-05-10 09:09:35 UTC https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170955214 negative externality: is the negative cost that is suffered by a third party as a result of an economic transaction. ali_mowhob https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170956404 2017-05-10 09:15:07 UTC https://padlet.com/dbs71269/n8tv4bpu6yf5/wish/170956404