Answer to Question #124592 in Microeconomics for Awinira Patricia

Question #124592
suppose the government wants to control the use of commons,what method exist for achieving the use efficient level of use
1
Expert's answer
2020-06-30T18:46:46-0400

The are three main methods that the government can use to ensure efficient use of commons:

  1. Regulation. Government can limit or control the amount of common good available for use by every individual.
  2. Privatization. The government can convert commons into private property and provide the new owner terms to ensure its sustainability.
  3. Internalizing externalities. This involves the government ensuring that the users of the resources pay for the consequences for their use of the resources. For instance, individuals pay for air and water pollution.

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Comments

Awinira Patricia
06.07.20, 17:05

Rural communities in Ghana are scattered,have smaller population and population density and therefore it is economically unwise to provide them with social amenities to the expense of densely populated Urban communities. a.explain two reasons to agree with the above statement b.explained three reasons in support of rural development

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