Intermediate Micro economics. In absence of govt. intervention, market Essay

Intermediate Micro economics. In absence of govt. intervention, market resources allocated to health tend to be below the social - Essay Example However, this is only the case when a government is in question. There are several debates regarding the issue of giving healthcare in the hands of private sectors, but there is a speculation regarding the treatment of healthcare as that of a business with a sole purpose of achieving profits. On the other hand it is also said that in order to maintain a market share in healthcare, the private sector players will strive to provide the best type of technology, which would be more convenient and advanced, and heavy on the people’s pockets. A study of the importance of the role that a government intervention plays in the healthcare also brings to light the adverse effects of its absence. The concept of a socialist system of government believes that it is the government’s job to provide all basic facilities to the people in general with no disparities between income classes and backgrounds as long as they are all citizens of the same society. Basic necessities like education and healthcare should be provided to all, unlike the competitive markets for other consumer commodities. Multi-tier system offers different levels of quality but a single tier system is the true essence of a democratic socialist system where all people are equal when it comes to basic rights. The government provide healthcare through subsidies that are derived from the pool of general taxation. Where socialism is flexible in terms of existence of private entities too, it is often mistaken for a democratic system. The Healthcare system in the US has been center of much controversy for the past few years. This is because of the high costs of healthcare as a result of the influx of an array of private medical institutions and lack of government regulations to hamper their excessive profiteering. This has resulted in the emergence of insurance based healthcare, usually backed by employers as it is not affordable by the general public (Cfeps.org, 2013). The current government has offere d incentives for a better system in place with maximum government intervention to ensure that the masses are provided with adequate healthcare reasonably. Healthcare is a major concern for the people all over and history proves that it is imperative for the government to have a regulatory body in place to ensure people’s satisfaction over this dire need of theirs. Private and publicly funded healthcare systems running in some countries in the world have been a point of controversy. This is because one side holds the notion that provision of healthcare should be government funded and be provided as a free service to the people from the government revenues. Whereas, public funded healthcare which is provided free, drawing from the pool of health tax imposed on the general public, has been seen as an effective system as well (Saltman & Busse et al., 2004). This is where the economic externalities come into play as well since not all the people are availing expensive healthcare f acilities, and some of them who are, are those who have not paid fully for it, resulting in the negative externality for the former and a positive one for the latter. Government intervention in the private markets in the form of imposing regulations and restrictions have been viewed as a hindrance because this tends to de-incentivize the induction of new and more technologically advanced health based companies in the system (Lewis, 2000).

First Draft about crepe restaurant in Japan Essay

First Draft about crepe restaurant in Japan - Essay Example Japan has been confronted with a fiscal dilemma in its budgeting; therefore an increase in taxation in order to meet the government expenses will be inevitable. On the other hand, establishing a business in Japan is accompanied by diverse legal requirements, some of which are difficult to obtain. The licenses are not only expensive but also a rigorous process is involved in their acquisition. Another politically motivated aspect is the continued deflation, which could cause the bank of Japan to engage in purchase of more government bonds, which could present crises. Political instability including mass protests and strikes can cause the closure of restaurants hence causing a reduction in the amount of profit that could have been obtained. Another risk is competitiveness with companies that have political backing. In so doing, such companies are able to source raw materials at a friendly price and ends up reducing the cost of their foods and drinks. This is a form of unfairness in com petition. If there is lack of political goodwill, the restaurant can fail to stand irrespective of the high level of investment. However, the Japanese government is very stable hence, political risk is minimized. The political risk of doing business in Japan is relatively low compared to other regions (Sigurdson 469). Therefore, Crepe will stand the torrents of time to emerge a successful restaurant in Japan if unprecedented political activities do not occur. The government encourages businesses in Japan in order to steer economic growth in the country. The Japanese are more inclined to existing in groups. This is founded on the emphasis on what the Japanese call amae. This is a concept relating to the social being as well as individual beliefs. It entails looking at others as a way of being socially interdependent. As young children grow, the concept of working and living together is instilled (Kepler, P., Royse & Kepler, J. 170). Therefore, a group forms the core of