The growth of economies seems to go hand-in-hand with the growth of government involvements in the...

The growth of economies seems to go hand-in-hand with the growth of government involvements in the economy, including the explosion of regulations. Pick an industry and discuss the role of regulations in influencing the conduct of firms in the industry.

Expert Solution

Answer) Ideally in case of neoliberalism, the government should not intervene in market. The prices should be determined by the forces of demand and supply. The government intervention is needed to correct the market failure and overcome information asymmetry.

In case of defense industry, the government of any nation enjoys monopsony power. As the government is the only buyer of defense good which is a public good. Since defense is a vital aspect of nation security government can provide these firms favourable incentives like tax deduction, subsidy in electricity, and more allocation of resources.

All these extra income support could make firm less efficient. Thereby causing fall in the quality of good. However the government of United States is also engaging in the export of defense good. So that the extra production won't hinder the efficiency. But trading export revenue can be earned from nations like Saudi Arabia.

Rahul Sunny answered 1 year ago

Economic Development and Accounting Development Go hand in hand, discuss? What are the reasons behind growth...

Economic Development and Accounting Development Go hand in hand, discuss? What are the reasons behind growth of accounting knowledge?

Economies with high growth rates tend to be those that increase their: a. government regulation. b....

Economies with high growth rates tend to be those that increase their: a. government regulation. b. resources. c. human capital. d. consumption.

Being a franchisor seems to be a mechanism for growth, but what are the growth prospects...

Being a franchisor seems to be a mechanism for growth, but what are the growth prospects for entrepreneurs that are franchisees? Isn’t the entrepreneur limited in his or her ability to pursue all the different types of growth strategies? Is being a franchisee simply substituting one type of employment for another type of employment? How can a franchisee grow his or her business (es)?

The invisible hand, the hand of government and the hand of management. How each of the...

The invisible hand, the hand of government and the hand of management. How each of the three major approaches to social Responsibility could apply to their organization.

One economic development strategy suggests that some economies benefit from having government policies that promote growth...

One economic development strategy suggests that some economies benefit from having government policies that promote growth in manufacturing and growth in exports. A regression analysis is undertaken (using the following data) from a sample of countries that operate these types of policies. Country Growth GDP (Y) Growth Manufacturing (X1) GrowthExports (X2) China 11.0 7.3 14.4 Hong Kong 7.1 10.2 6.2 Japan 10.5 6.0 14.0 Korea 9.7 13.1 13.8 Malaysia 4.9 8.0 9.8 Singapore 6.1 5.9 8.1 Thailand 7.0 8.1 12.8...

Why is it so important for supervision and delegation go hand in hand? What does accountability...

Why is it so important for supervision and delegation go hand in hand? What does accountability mean in delegation?

Leadership and communication go hand in hand. Describe what makes a leader a good communicator. It...

Leadership and communication go hand in hand. Describe what makes a leader a good communicator. It might be helpful to explain using a person you know as an example. Since communication is so essential, why do some leaders not communicate? What happens as a result of this poor communication?

Consider the variables of job satisfaction and perceived job security. It seems logical that these go...

Consider the variables of job satisfaction and perceived job security. It seems logical that these go hand in hand; it would make sense for them to be connected in some way. Suppose that a study was conducted on these variables, and the correlation coefficient was found to be .61 (r = .61). Develop a main response in which you address the following: Explain what a Pearson's r value of .61 would imply about the relationship for these variables (strength and...

Q) Achieving collaborative advantage may not be as easy as it seems. Collaborations go through a...

Q) Achieving collaborative advantage may not be as easy as it seems. Collaborations go through a lot of challenges jeopardizing their aims from being achieved. In exceptional circumstances such as COVID-19, many collaborations have been tested. Some has endured the pandemic while others have come to an end. In 750 words, discuss the main bases for collaborative advantage. Critically discuss how the achievement of such bases was affected due to COVID 19 with reference to real collaborations. You may refer...

How do informatics and readmission rates go hand in hand in the healthcare industry. Please write...

How do informatics and readmission rates go hand in hand in the healthcare industry. Please write a 3-4 page paper describing this and be more detailed

Question