Evalutale the policies governemets may adopt to overcome market Essay

Evalutale the policies governemets may adopt to overcome market failures arising from the production and consumption of demerit goods - Essay Example Consumption of alcohol by teenagers also makes their parents incur huge medical expenses when the teenagers get sick. Demerit goods can be over consumed in a free market (Kohls 2003, p. 54). It is important to note that a factor that may lead to individual overconsumption is the lower cost of production because the costs are shared with third parties. People also consume more goods compared to what the society produces due lack of regulations that may restrict them. Overconsumption can be reduced with government interventions. For instance, the government can intervene using the market-based approaches such as taxes and subsidies (Owen 2004, p. 128). It can also intervene through command and control strategies such as regulations. Awareness programs and persuasion can also be used to reduce overconsumption and overproduction. The government may impose taxes on demerit goods in order to internalize the externalities caused by the goods. It may impose the taxes indirectly on the organizations. For example, a firm that releases pollutants in a river may be taxed. The tax imposed on such firms should be equal to the external costs incurred by third parties. The external costs incurred by the third party may include medical bills resulting from taking the polluted water from the river. This means that the harms caused by the pollutants produced by the firm are the externalities (Kazi 2008, p. 410). In order to tax such firms effectively, the government should ensure that the taxes imposed on the firms are equal to the harm. The process will discourage them from producing the pollutants because the cost of production for the company will increase (Grant & Vidler 2003, p. 76). In addition, firms will be hindered from producing large quantities of goods that harm the health of individuals. This will in turn help in reducing the quantity of demerit goods produced by the taxed

Compare and contrast of two images Essay Example | Topics and Well Written Essays - 1000 words

Compare and contrast of two images - Essay Example On the other hand, the Greeks are one of the first to gain civilization in society. They have been known to excel in a lot of fields especially art. Greek goddesses, epics, sculptures and even establishment in Greece also tell a lot about their culture. These are general examples of how Greeks and Egyptians exceled and contributed in terms of historical preferences. For more specific examples, the following paragraphs will talk about the Painted low relief of Princess Nefret-iabet in Old Kingdom, Giza, c.2570 BC. and the Relief of seated goddess in Parthenon, East Frieze, Classical Greece, c. 447-438 BC. Naturalism which is defined as â€Å"an even more accurate picture of realism† (Abrams, 1) is evident in the low relief of Princess Nefret-iabet. This relief made in painted in limestone slab stela, depicts a relative degree of naturalism. Involvement of depiction of actual life form’s art form is necessary. The low relief of Princess Nefret-iabet is a detailed modellin g of the Egyptian princess seating on a chair is like an actual representation of a life as a princess in Egypt. The relief showcases the detailed hair of the princess, wide eyes while wearing an also detailed leopard print dress. This depicts existence of elegance and glamour, and to add to this are her combs, perfumes, and other properties made of brass and gold. Even the chair she sits on is made of gold with apparent an animal- like structure. The Princess’ body is very slim in representation. The details of her hair are exquisite and so is that of her fingers. The linings used in this relief are very delicate to look at, and the images are very lightly embossed in the limestone. Although, abstraction may also be seen in terms of showing only half of the princess’s face and figure, cut parts of unidentified object above the princess and other parts not shown in the relief. Abstraction is the purposeful act of hiding other parts of a subject in art, to highlight oth er features (Abstraction). But through further research, a more complete version of the relief of the princess was seen in full. More of her properties are seen in the full slab in her tomb, including images of her eyelids, birds, balance scales and other materials. This aspect could also be related to the placing of objects in relation to its distance from the princess. The princess being placed on the left faces a set of property she has, arranged in accordance to its purpose. For example, the first compartment appears to be all of her needs for beautification, second shelf looks like vases or forms of pottery, and the objects under the shelf are like gold statuettes. This relief somehow tells us a story of what life there is in Giza, during c.2570 BC. The women of Ancient Egypt are supposed to have a significant role in society unlike most early civilizations. Women played a big role in unification of Hierakonpolis, Abydos and proofs of which are statuettes and art forms in museu ms. This contribution is said to have built various alliances and bridged the gap between peoples. With this contribution, women are considered important in society as supported by the Egyptian thinking of â€Å"philosophical dualism† wherein relationship of god and priestess is compared and somehow patterned in the same way in the relationship of king and royal women. This on the other hand, does not necessarily mean that the Ancient Egypt had a bilineal society, and