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Also, it prevents insurance companies from attracting new customers. In addition, it hinders consumers from assessing better insurance packages that can suit various needs of different clients. It hinders innovation and superiority of services leading to services of poor quality (Frakt 3).
However, having various alternatives in the market can disadvantage the consumers because it is hard to select the best plan among many alternatives (Frakt 3). It can make consumers stick to the previous plan in order to avoid the struggle of selecting an unfamiliar plan. Consumers can benefit from various alternatives when there is adequate information about the available products or service in the market (Frakt 4).
In conclusion, having various alternatives for products and services can yield benefits to both consumers and the companies if adequate information is made available for effective decision-making. It promotes innovation among the companies and can lead to a reduction in
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A great deal of fuel has been poured into the field of economic research in the past few decades. There is a theory that states that there are markets with asymmetric information, and this theory also states that this is an very important part of economic research.
There are many multinational companies which are operating in many countries, diversity for them is very important. They can benefit from a diverse workforce, because when people belong to different ethnic groups or cultures they hold different opinions. These opinions can
The economic factors and government policies that impact the reduction of Labor Market Discrimination in the United States and the Global Economy include the initiative taken by the government to reduce the discrimination in the process of job choice. The law that is passed to ensure that no company discriminates among the prospective employees based on the culture.
She achieved success as an administrator and teacher, and the demand for the young women she had trained, led to her plan for a permanent institution for women to be taught. In 1837, she founded Mount Holyoke Female Seminary, in South Hadley, Massachusetts.
This has been fuelled by faster and easier means of payment as compared to a few years ago.
Further, there are positive outcomes attributed to this policy as most patients have adopted it. The policy provides easier means of payment as well as delivery services to all
And how reliable is a doctor’s advice who has a business relationship with a pharmaceutical or medical device manufacturing company? These questions are important because a doctor’s biased opinion driven by his/her motive of making profit
The systematic sharia laws in the Islamic societies enforce such laws by defining the place and roles of women in the society. The manifestations of the limited freedoms the women enjoy begin with the women’s
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