economics

MECE-104 Assignment Answers 2024-25 – All Questions with Links

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MECE-104: Economics of Social Sector and Environment – Assignment Answer Index Below is the complete list of answers for the IGNOU MECE-104 Tutor Marked Assignment for the 2024–25 academic session. This master post links each question to its detailed blog post answer. All responses are written in clear, easy-to-understand language for MA Economics students. 🔷 […]

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Describe the concept of ‘quasi markets’ in the provisioning of public services.

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Introduction Public services such as education, healthcare, sanitation, and transportation are essential for societal well-being. However, providing these services efficiently and equitably has always been a challenge. Traditionally, governments provide these services due to market failure. In recent decades, the idea of quasi markets has emerged as a way to introduce competition and efficiency into

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Discuss the significance of ‘efficiency wage’ in contributing to health and productivity of workers.

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Introduction The concept of the efficiency wage plays a critical role in labor economics, particularly in the context of developing countries. It refers to the idea that paying workers a wage above the market-clearing level can lead to increased productivity, better health, and improved morale. In economies with widespread poverty and undernutrition, the efficiency wage

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Discuss the various situations of ‘market failure’ leading to environmental degradation.

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Introduction Market failure is a situation in which the free market does not allocate resources efficiently, leading to negative outcomes for society. One of the most visible and harmful outcomes of market failure is environmental degradation. Environmental resources like air, water, and forests are often treated as free goods, resulting in their overuse and pollution.

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What are the major threats which China perceives from India? Explain.

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China perceives several major threats emanating from India, and these perceptions are influenced by historical, geopolitical, and strategic factors. It’s important to note that these perceptions may not necessarily align with India’s intentions but reflect China’s strategic outlook. 1. Border Disputes: The most prominent and long-standing issue is the border dispute between India and China,

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