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Q. Why does government undertake an economic activity?
If ever an activity has large externality or spill over and includes a large number of people, it may be found better that government undertakes it. As David Hume once pointed out, it is easy for two persons to agree/bargain for terms of draining a field affecting them but it would be very difficult for a large number of persons to make the decision on terms of sharing cost of drainage.
Explain the stages and various coordination mechanisms involved in policy processes. Discuss various factors that influenced the agenda setting in policy processes
Types of production function
what are the costs and consequences of providing the subsidies and welfare?
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what is frugal economy and government economy
examples of inductive method in economics
U=4X+G where X is private spending and G is public spending. what is the marginal rate of substitution between public and private
In the context of hospital care, explain and distinguish between occupancy rate, capacity, and utilization.
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