Written in 1968, Garrett Hardin presented a compelling formulation of the population problem. In his classic piece, “The Tragedy of the Commons”, a commons is a natural resource shared by many individuals. Shared means that each individual does not have a claim to any part of the resources but rather to the use of a portion of it for his/her own benefits (Hardin, G., 2009). In society today, there are several tragedies of the commons as described by Hardin and one of the focused attention was the ever increasing population. Human Overpopulation Overpopulation is likely the world’s chief concern.
First, he explains that the so-called “poverty trap” is not the cause of poor nations’ slow or nonexistent growth, despite the claims of foreign aid organizations. Easterly argues instead that bad governments and their interference with their economies may be the reason for many countries’ slow growth. To fix this problem, many aid organizations attempt to assist poor nations by restructuring their economic institutions from the top down. However, Easterly claims that these attempts have shown to be futile time and time again. He argues that this is because restructuring an entire economy from the top down is almost always bound to fail.
Market failure is when the free market fails to allocate resources in the most efficient way. What that means is resources are being used to produce goods that could instead be used to produce something that is more beneficial to society. (Williamson, O. E. 1971) So market failure means the economic market can’t give the goods or services to the customer efficiency, and make a great impact to customers. Merit goods means somethings that provide by the government or the country, it will not get benefit from consume merit goods, but it will also bring some benefits for the society, but people will not recognize it. (Musgrave, R. A.
To determine how “Man” is the cause of the mass extinction, I first have to understand what the meaning of extinction is, then give practical examples. Extinction is defined as the state or process of being or becoming extinct. The adjective version of extinction (noun) is extinct, which is defined as of a species, family, or other larger group) having no living members. Mass extinction is the extinction of a large number of species within a relatively short period of geological time, thought to be due to factors such as a catastrophic global event or widespread environmental change that occurs too rapidly for most species to adapt. To determine how “Man” is the cause of the mass extinction I
8) 2013 should be the darkest year for American Apparel till date. Net loss has reached an all-time high with 106 million USD in 2013, which is a 400% increase compared to only 37 million USD in 2012. The year was more disastrous because their operating expense was too high due to strategy for inventory management and finishing the E-Commerce platform. The service via E-Commerce wasn’t up to the mark because it was underprepared leading to further loss. 9) The sales of the company have increased relatively in 2013 but it is cancelled out by their exorbitant net loss.
Not only that, but Buffett is a value investor at his core: buying stocks below what he thinks they are worth. The goal of any value investor is preservation of capital. Elena Chirkova, of the American Journal of Economics, writes, "The authors place Buffett’s performance of beating the market in 28 out of 31 years in the 99.99 percentile, however once the authors incorporate the magnitude of Berkshire’s outperformance, they find that the “luck” explanation is unlikely even if they take into account the ex-post selection bias" Chirkova goes in to say, "The authors also find that Berkshire’s performance cannot be explained by assuming that Berkshire’s investment strategy is high risk. They also find that Berkshire’s triumvirate of Warren Buffett, Charles Munger and Lou Simpson posses investment
At the end of the year, this family will have less or zero savings, and that is how we will be bringing our country 's progress down. Big, fancy, and modernised wedding ceremonies are expensive, and in most parts wastage of money. Anyone trying to say that these lavishing wedding ceremonies are becoming counterproductive, is branded greedy (igisambo). I guess, I am no different. I can say it 's wise to save the small incomes for the future and not spend it in a
When reading more about the treadmill production it brings to light how it is affecting minority communities who live in proximity to environmental dangers. Minority groups are more likely to live environmental hazards because of capitalist production and the unequal exposure. The authors emphasize the destruction of the U.S. military of Native American lands calling it the environmental genocide because it is degrading their lands and pollution. The sacrifice of the Native Lands is understood as an example of the treadmill destruction. US military used and damaged native American lands for their own gains.
Economic growth in democratic government is weakened by leaders worrying about re-election. Politicians in democratic governments make decisions that are good for the short term but have devastating effects, on the long run, just to be reelected. . Authoritarian countries such as China do not have such challenges and thus have achieved economic development and stability. For example, the Ford the automobile company has continually been bailed out by the government after receiving net losses (Bell, 2015).
However, it proved to be otherwise for a country like Nigeria. The emergence oil and the economy turning into a mono product economy in no time gave rise to what is commonly referred to as the Dutch-disease. A situation where the there is a sudden decrease in the manufacturing or the agricultural sector despite increase in the exploitation of natural resources. The economy of Nigeria is constantly exposed to oil price shocks and market vulnerability since oil contributes to over 90% of the total revenue. Eventually, fluctuations in the international market would lead to significant problems in planning of fiscal and monetary policies.