Market Failure: Concept and Causes
Concept of Market Failure Market failure occurs when the allocation of goods and services by a free market is not […]
Economics, Public Economics
Public Economics
Economics, Public Economics
Social Welfare: Concept and Approaches
Concept of Social Welfare “The overall welfare of society essentially depends on the individual utility level”. This statement highlights the
Dual Federalism
Dual federalism, often termed “layer cake federalism,” is a model of governance in which the powers and responsibilities of the federal and state governments are distinctly separated.
Global Peace Index (GPI)
The Global Peace Index (GPI) is a measure that ranks countries and regions based on their levels of peacefulness.