Market Failure Resarch Paper Research Example | Topics and Well Written Essays - 250 words

Market Failure Resarch - Research Paper Example It is the duty of the government to intervene and make sure that prices set are not discriminative. Government intervention in the price mechanism is largely based on aims of wanting to alter or change the allocation of resources and attain what they think to be an improvement social and economic welfare. Therefore, government intervenes in the economy with the aim of influencing the allocation of scarce resources on the market among competing consumers. The government formulates policy intervention with the aims to improve the performance of the economy, attain more equitable distribution of income, and correct market failure. There are various alternatives in which the government can use to intervene in market. For instance, government legislation and regulation whereby it passes laws that prohibit the sale of certain goods such as cigarettes to people under the age of eighteen. Furthermore, competition laws works against cartels that are used to price fixing. In addition, it can use fiscal policy intervention to alter the level of demand for distinct products in the market. Government intervention has always created inequity in society in that certain groups gain more than the others do. For instance, it is equitable for the government to provide educational maintenance allowances for 16-18 children from low-income households for them to stay in school after GCSE. It is vital to note that government intervention in the market will never be neutral. For instance, financial support offered by the State to specific producers rather than others creates unequal society in that there are winners and

The image of hip hop Essay Example | Topics and Well Written Essays - 1250 words

The image of hip hop - Essay Example Born during the 70’s and still going strong after thirty years, Hip Hop is here to stay. Slowly and steadily, Hip Hop has gained acceptance and now is followed by the youngsters all over the world. However, the question is not of the staying power, but the morality of the Hip Hop. How does it affect the society as a whole? Hip Hop culture, in itself, is not good or bad. How the artist and the audience uses it, makes it good or bad. The choice is our responsibility. Hip Hop is an example of good effort gone wrong. It started as a way of expression and ended up being a victim of consumerism. It eventually got identified with anti-social elements. The image was tarnished. This is Eminem singing about his life. And in the same song his friend tells him not to get violent but to try to understand the other’s explanation. You can imagine these lyrics in different scenario. Imagine you are a man with an agonized, abused and traumatic childhood as was Eminem’s. The difference is, you are from a very educated, sophisticated, high society and wealthy family. What will you do? You will go to a psychoanalyst, sleep on his couch and say the same things that Eminem is saying through his songs. The difference is upbringing, the class and the background that you have. So the hip hop singers are using the physical, obscene and primal style of expression because they are brought up that way. They are the victims of their environment. However, there are song lyrics that use the obscene language and words that talk about sex, killings, drugs and weapons. The videos of these kind of