Эксперт

Сергей

Задать вопрос

Мы готовы помочь Вам.

The title of the article is “Welfare economics”. The author of the article is not mentioned.

The main idea of the text is to tell readers about welfare economics and its impac on society, families and individuals.

The author starts by telling us that economics isn’t only about profits, losses and utility. Then he notes that equity is one of the most important issues in welfare economics. However, welfare economists study the effect of government policy on equity. After that the author of the article tells us about the main weapon to fight inequity. He tells us about taxation. It is important to mention that taxation is injust, because it is unfair to penalise companies and hard-workers.

In addition, welfare economics is also about the impact of economic cholees on our lives. It is noticed that economic transactions offen affect our lives. The author manes pollution that has a negative impact on environment.

The author conludes, that people cause negative changes in our world. People leave litters in parks, they play loud music. However, smoking and drinking alcohol are also externalities from economic transactions.

The title of the text is “Price Discrimination”. The author of the text is not mentioned.

The author tells us that price discrimination means charging a different price for the same product to different customers. We get to know that the market price for a product is like a signpost for companies. However, many companies can set their prices just above or just below the market price if they want to do it.

The author mentions some types of degrees of price discrimination. First degree price discrimination is when almost every consumer pays a different price for the same product.  In this way, the product is sold at a price that the buyer thinnks is right.

Second degree price discrimination is more common than first degree discrimination. It means changing price according to how much of the product is sold. As for third degree price discrimination, it is when some types of customer are charged different prices.

To sum up, degrees of price discrimination help make production and services more affordable to some people.

The title of the text is “Government revenue and spending”. The author of the article is not mentioned.

The text is about the goverment spendings in the UK.The author starts by telling that the governments spends about 550 billion pounds a year. Such revenue comes from several sources, including charging for services and borrowing.  However, taxation is the main source of revenue. The author names also different kinds of taxes. In addition, many customers operate a system called progressive income tax. It means that rich people pay a higher percentage to the government.

But taxation is not only way for a government to earn revenue.  Taxation helps achieve many other things. Revenue is spent on public services. Money is given to people who need it. Payments include also safety net benefits such as unemployment benefit and social securit benefits for families who do not have enough money. It is important to note that most of the revenue goes on public goods. Public goods can be of two types: pure public good and mixed public goods.  Pure public goods are things like street lighthing. Mixed public goods are things which people ought to have because they are beneficial, such as health care and education.

To sum up, government find sources in order to make the life of people better.