https://padlet.com/carol_carpp/vobh3vo89ka Write your answers to the questions given to you in class. Include your name. en-us 2019-01-23 04:49:22 UTC 2025-11-04 20:04:17 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Condos.png https://padlet.com/carol_carpp/vobh3vo89ka/wish/323318345 One immediate, stark example from Tamilnadu - one of the more efficient states in India:

Bus services all over the state, where private operators run parallel to the government operator, you can see private buses far better maintained, selling tickets cheaper, running faster.

For sample: Erode to Coimbatore - a distance of about 95 km.

Government bus: Sixty rupees, takes two hours or more to cover this distance, and running on loss.
Private bus: Forty eight rupees, takes seventy five to ninety minutes and profitable.]]> 2019-01-23 06:15:56 UTC https://padlet.com/carol_carpp/vobh3vo89ka/wish/323318345 https://padlet.com/carol_carpp/vobh3vo89ka/wish/323321713 The first advantage benefits employees. These labour regulations prevent employees from being cheated, exploited and discriminated. The second advantage benifits employers. They can protect company's rights to gain high-quality labour. These regulations can also prevent employees from violating company's regulations and culture. To conclude, rigid labour regulations can avoid the mismatch of labour supply and demand.]]> 2019-01-23 06:46:36 UTC https://padlet.com/carol_carpp/vobh3vo89ka/wish/323321713 https://padlet.com/carol_carpp/vobh3vo89ka/wish/323325087 1. Overcome unfair conditions 
2. Labourers have the right of vocation
3. Staff can enjoy the right of social insurance and social welfare ]]> 2019-01-23 07:13:54 UTC https://padlet.com/carol_carpp/vobh3vo89ka/wish/323325087 https://padlet.com/carol_carpp/vobh3vo89ka/wish/323354567 The free operation of market forces does not always achieve the most desirable economic and social outcomes. If market fail to achieve efficiency in the provision of goods and services, government intervention can help to overcome market failure.]]> 2019-01-23 09:27:18 UTC https://padlet.com/carol_carpp/vobh3vo89ka/wish/323354567 https://padlet.com/carol_carpp/vobh3vo89ka/wish/323366092 Public goods :national defence and national parks, beaches,lakes,oceans or rivers.
Some private companies are not inclined to produce public goods which lacks monetary incentives, such as national defense.However, these public goods are an indispensable factor in maintaining market stability.]]> 2019-01-23 10:10:52 UTC https://padlet.com/carol_carpp/vobh3vo89ka/wish/323366092 https://padlet.com/carol_carpp/vobh3vo89ka/wish/323382965 The vital ingredients of an economically free society are public goods, such as the maintenance a police force to protect property rights, a monetary authority to maintain a sound currency, and an impartial judiciary.
 
I agree with that the government should supply the public goods, because it is significant for nation to defense and maintain the peaceful society.]]> 2019-01-23 11:12:02 UTC https://padlet.com/carol_carpp/vobh3vo89ka/wish/323382965 https://padlet.com/carol_carpp/vobh3vo89ka/wish/323385007 1. Unfairness.
2. Declines in social welfare.
3. Big falls in economic growth.
4. Lower economic efficiency]]> 2019-01-23 11:19:27 UTC https://padlet.com/carol_carpp/vobh3vo89ka/wish/323385007 qiran_zhu https://padlet.com/carol_carpp/vobh3vo89ka/wish/323387286 1.improve economic quality
2.overcome market failure
3.combat recessions
4.maintain economic stability

]]> 2019-01-23 11:29:31 UTC https://padlet.com/carol_carpp/vobh3vo89ka/wish/323387286 https://padlet.com/carol_carpp/vobh3vo89ka/wish/323411929 Strict labour laws can prevent employers cutting down staff’s wages, which means that employees can receive what they deserve. Moreover, employees have the right to enjoy a comfortable working environment based on these laws.

]]> 2019-01-23 13:03:07 UTC https://padlet.com/carol_carpp/vobh3vo89ka/wish/323411929 https://padlet.com/carol_carpp/vobh3vo89ka/wish/323423095 I do not think so. Some countries such as the Soviet Union and North Korea require a government-controlled market economy to allocate the limited resources.]]> 2019-01-23 13:34:54 UTC https://padlet.com/carol_carpp/vobh3vo89ka/wish/323423095 https://padlet.com/carol_carpp/vobh3vo89ka/wish/323423687 1.mixed market economy- definition: the decision concerning production and distribution are determined by a mixture of market forces with some degree of government intervention- free market do not always desirable economic and social outcomes. Government provision of goods and  services 
2. China is a totally mixed market economy
3. No, depends on every country's situation]]> 2019-01-23 13:36:16 UTC https://padlet.com/carol_carpp/vobh3vo89ka/wish/323423687 https://padlet.com/carol_carpp/vobh3vo89ka/wish/323779016 It is hard to say that a mixed market economy acts positively to all countries because each distinct economic system is created as a result of a county's unique historic background. For example, the market failure and strong denial of human rights violation in the early capitalism led to the advent of its completely opposite economic system, communism in the Soviet Union. As a response to this communism trend, capitalism felt the need to solve its deficiency, which had made postcapitalism to appear in the United States. Therefore, due to the fact that an economic system reflects a country's history and culture, positive impact of one economic system that is mixed market economy may not be guaranteed to every country.]]> 2019-01-24 06:08:53 UTC https://padlet.com/carol_carpp/vobh3vo89ka/wish/323779016