Impure public goods Essay Example | Topics and Well Written Essays - 1000 words - 1

Impure public goods - Essay Example For example, people can pay to enter a showground to witness fireworks but the ones who failed to pay can still watch the fireworks being launched through their windows. Alternatively, people pay for cable television services however some may decide not to pay but still watch the same programs from free to air channels (Bulte, Van Kooten and Timmothy, 2003). Non- rival condition applies in the context that an individual’s consumption of a product does not affect another person’s opportunity to utilize the same product. For instance, a person watching a football match on his/her television will not deny another person in a different setting who wants to watch the same game. The needs of both people can be satisfied simultaneously without any form of competition. However, the company managing the cable television can decide not to connect homesteads that do not pay for its services thus discontinue provision of those services to those people hence being referred to impure public goods (Arriagada and Charles, 2011). An externality is the impact of a monetary movement felt by those not straightforwardly included in the financial action. Externalities are regularly more negative, and thus it is the negative externalities that catch our consideration. Positive externalities are frequently depicted as overflow impacts to propose their belongings, and are felt by customers who were not specifically expected by their makers. The business sector trade, presumes that brokers have aggregate control over every part of their item, the costs and expenses they charge elaborate to the full cost of generation in addition to benefit, and that they can be considered responsible through the instalment of fines and different punishments for the harm brought on by their items (Arriagada and Charles, 2011). In any case, the way that their items may have positive externalities implies that the

Technology Essay Example | Topics and Well Written Essays - 750 words - 12

Technology - Essay Example Communication is an important characteristic of humans. Human beings communicate for various reasons. Therefore, communication should be effective and efficient, in order to achieve its objectives. Being a characteristic of human beings, communication has existed throughout history. However, this was done differently at various time periods. The differences in communication during different historical times base on the level of effectiveness and efficiency of communication at each historical time. Nonetheless, this also wholly depended on the level of technology at that particular period. This is mainly because technology plays an important role in shaping communication (Storm and Media Web). About one hundred years ago, the communication tools that people use today did not exist then. This could only be imagined as science fiction, owing to the low level of technological advanced during that time. Today, people can communicate through different avenues. These include cell phones, social media, fax, e-mails, and the internet. In the past however, people would communicate through letters and telegraphs, as well as word of mouth. As compared to the present tools of communication, the past communication tools were less effective and less efficient, thus unreliable (Storm and Media Web). However, today, communication is instant. Smartphones are widely used today to carry out diverse functions. These can be used for making calls, sending messages, playing games, running applications, surfing the web, and taking and storing photos, and downloading and storing music, among other functions. However, these are quite expensive today, as compared to the basic phones. In the near future, however, it is expected that the basic phones will completely fade away, so that most people will use smartphones, which will be cheaper by then. The process is gradual. People that value and