Nobody downloaded yet

Scioally desirable merits goods - Coursework Example

Comments (0) Cite this document
SOCIALLY DESIRABLE MERITS GOODS Name University Course Instructor Date Introduction The report will analyze socially desirable merits goods in the society with specific focus on the United Kingdom government. Studies show that there are merit goods that are socially desirable and others that a society does not desire at all…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.1% of users find it useful
Scioally desirable merits goods
Read TextPreview

Extract of sample "Scioally desirable merits goods"

Download file to see previous pages Discussion Merits goods are some of the products that are considered socially beneficial and in most cases, they tend to be under produced or consumed via the mechanism of the market; for instance, education, garbage collection, welfare services, and healthcare. These are the products and services, which the government of United Kingdom believes that citizens will under-consume, and goods that government ought to subsidize, provide free consumption or use to ensure that their consumption is not mainly dependent on the capacity to pay for them. Demerit goods are dangerous to the society and they include goods like illegal drugs such as alcohol, cigarettes, and other hard drugs, (Fiorito and Kollintzas, 2002, p.56). In demerits goods case, the market failure is prevalent as these products are over-consumed and are allowed to free market. Therefore, the government of United Kingdom should intervene and control overconsumption of demerit goods. For example, in drug cases, the government imposes increased regulations and taxes over their consumption. This implies increased prices to discourage people from consumption of such drugs. Since a number of demerit goods are damaging – socially undesirable – the government of United Kingdom imposes complete restrictions, which have been effective in avoiding their trade as well as consumption. Compared to public good, merit goods are offered via the market, however, not in adequate quantities to increased social welfare, therefore, the government and private sectors can provide both merit goods like education. Economists agree that merit goods are products that are essential to people and private sectors can also provide them, though differently. For instance, if merit goods are solely provided through private sectors, then the consumption rate tends to be low and thus the government has to intervene to correct such market challenge – failure. Studies indicate that merit goods such as education can be offered by free market but has various limitations if privately provided, (Throsby, 2005, p.78). Some of the challenges are that citizens may not have adequate amount of resources to purchase the merit good – education. Poor people would not afford to attend expensive education institutions, as they believe nothing will happen and if anything happens, they cannot afford to pay. Consequently, this results to inequitable income distribution as only the wealth will be highly literate and therefore, can earn increased income in the future. Therefore, if government provides the merit goods it benefits both the rich and poor people. For instance, equitable education - human capital investment – for all will enhance the growth of economy and general well-being for all. In addition, if private institutions offer education, some people will joint independent or private schools and if the government does not chip in and provide government or public schools, many families and people may not afford education either. This is because they may not afford the cost of education in private schools and this would increase the level of under-consumption of the merit goods, (Sherman, 2007, p.23). Consequently, there would be high crime rate and low productivity from majority of illiterate people who could not afford education in private sectors and this cause challenges for the labor market. Therefore, the role of the United Kingdom government in this concern is to regulate the affordability of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Scioally desirable merits goods Coursework Example | Topics and Well Written Essays - 1250 words”, n.d.)
Scioally desirable merits goods Coursework Example | Topics and Well Written Essays - 1250 words. Retrieved from
(Scioally Desirable Merits Goods Coursework Example | Topics and Well Written Essays - 1250 Words)
Scioally Desirable Merits Goods Coursework Example | Topics and Well Written Essays - 1250 Words.
“Scioally Desirable Merits Goods Coursework Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Scioally desirable merits goods

Vegetarianism - Ethical Grounds, Merits & Demerits

...Teacher’s No. Vegetarianism: Ethical Grounds, Merits & Demerits 0 Introduction Vegetarianism has been a much debated subject recently since it has its roots based in fundamental animal rights. There are various social concepts and theories which present different perspectives towards vegetarianism and its relation to acceptance of human rights. Some of these theories demand abandoning use of animals for scientific research and commercial activities. Many famous personalities and celebrities adopted vegetarianism and most of them based their personal philosophies for doing so on respect for human and animal life. However, there are strong arguments against this school of thought and a careful analysis of the ideologies...
10 Pages(2500 words)Research Paper

Socially Desirable Merit Goods

...Socially Desirable Merit Goods Grant and Vidler define merit goods as goods perceived to be socially desirable but are likely to be under-produced and under-consumed if left under the market forces (70). These goods exhibit certain characteristics that differentiate them from other goods. Economically, a merit good differs from other goods in the sense that its benefit is not certain at the time of consumption. Secondly, the benefit derived from the consumption of a merit good is usually greater than can...
6 Pages(1500 words)Essay

Socially Desirable Merit Goods

... Introduction Merit goods are those goods that if left in the hands of free market players then it may be underprovided hence dissatisfying the public. The only way to ensure quality is when these goods are provided by the government because the government does not take into account private costs and benefits as in the case of the private businesses. Some of the examples of the merit goods provided by the UK government are Fire service, Health and Education. Education can be underprovided if private schools and Universities are left with the responsibility. Everyone should benefit from education regardless of financial capabilities but...
6 Pages(1500 words)Essay

Merits of Qualitative Methods

...?Merits of Qualitative Methods Merits of Qualitative Methods This paper seeks to address a scenario where I am examining two groups with similar educational deficiencies as a chief researcher for the state Department of Education. In this scenario, one group is rural-based, ethnically defined, and aboriginal with a high rate of health issues including diabetes, vision impairment, and heart disease. The other group is also a rural-based living on family-owned farms facing adverse environmental conditions that include decreasing rainfall and drought. Notably, both groups exhibit achievement test scores that are more than one standard deviation below the mean at all grade levels and have excessive high...
4 Pages(1000 words)Essay

Merits of Arbitration

...Running head: Running head: CRITICALLY ASSES THE RESPECTIVE MERITS OF ARBITRATION UNDER THE ICC, LCIA, AND ICSID Critically Asses the Respective Merits of Arbitration under the ICC, LCIA, and ICSID Insert Name Insert Affiliation Abstract In the arbitrary processes involved with International Commercial Businesses there are multiple avenues that can be found in order to settle unresolved disputes. Because of the expansion in International trade in past years and now currently in present, there is found to be a growing need for more services that entail arbitration so that quicker resolutions can be made and routine performance can be carried out without hindrance. These current issues have been discussed and implemented... into the...
12 Pages(3000 words)Essay

Strengthening Desirable Behavior

...Strengthening Desirable Behavior - 5th Grade When considering room discipline, many educators think first of consequences to give who commit infractions of the rules. But a teacher's ability to provide reinforcement to strengthen desirable behavior in students is even more important than the ability to administer consequences for rule infractions. A variety of reinforcement systems are available to suit different teachers, students, and styles. 1. To encourage students to participate positively during large-group discussion, verbal praise is an effective reinforcement system. It offers several advantages in the classroom. First of all, it calls positive attention to students for meeting behavior...
2 Pages(500 words)Essay

The Merits of Brownfield Redevelopment

...The Merits of Brownfield Redevelopment By Leonard Morlino MALS 4020 Graduate Research andWriting- CRN 4384 University of Denver University College Professor John Woodling -Instructing 1 Introduction "We're using old industrial assets - our canals, mills, factories, warehouses - once left to rot - now brought back to life. Providing new workspaces, new communities, and all on Brownfield sites so that we've met our 60 per cent target for all new homes on Brownfield land - eight years early."(Deputy Prime Minister, John Prescott, September 29,...
11 Pages(2750 words)Case Study

The Merits of Privatization

...Merits of Privatization School Affiliation Due to the ongoing financial crises, European debt crises and high deficits many economists and financial gurus believe that privatization is the only way out. Though privatization has benefitted consumers numerously, the government too should not shy away from responsibility and accountability after privatization. Merits of Privatization Privatization is a process in which government functions and responsibilities are transferred to private entities. The transfer can be either a complete one or it can be a part of a government function. Privatization is not new to United States, transcontinental railroad constructed by public and private partnerships...
2 Pages(500 words)Research Paper

Merits of Vendor Managed Inventory

...). It is vital to note that the elements of e-procurement include the request for proposals, request for information and request for quotations. Merits of E-Procurement With respect To GC’s Recent Issues E-procurement streamlines procurement and transaction processes, leading to a reduction in the transaction time. In this case, buyers have the tools to search catalogs containing services and goods from different suppliers. These tools enable them to compare prices and products on-line. E-procurement enables real time communication, which allows buyers to check current quantities, qualities and prices (United Nations, Asian Development Bank, & Korea (South), 2006, p. 39). E-procurement will help the firm...
11 Pages(2750 words)Essay

Socially Desirable Merit Goods

...SOCIALLY DESIRABLE MERIT GOODS by Introduction The term merit goods refer to services or products that are largely beneficial to the wider society if they are made available and used (Fiorito & Kollintzas 2004). Because of the nature of merit goods, well-structured governmental institutions mostly handle them in order to control the production and the price of such goods. The private sector primarily operates under the dynamics of the free market system. Many individuals in the society would miss enjoying the benefits of merit goods if left to the private sector because...
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic Scioally desirable merits goods for FREE!

Contact Us