What is the distinguishing characteristic of institutions, Ask an Expert

Economics

What is the distinguishing characteristic of institutions in the public purpose sphere?

The distinguishing characteristic of institutions in the public purpose sphere is that they exist to serve the common good for a group larger than an individual or family, and do not have the goal of making a profit.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9574770

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question suppose that high-definition television sets hdtvs

Question: Suppose that high-definition television sets (HDTVs) are normal goods. Would the compensated demand curve for HDTVs be flatter or steeper than the uncompensated demand curve? Explain your answer using a careful ...

Question jared bernstein an economist at the center on

Question: Jared Bernstein, an economist at the Center on Budget and Policy Priorities, has stated: "I want to see receipt of unemployment insurance go up in recessions." If government unemployment insurance payments didn ...

Question apple is about to release its latest technology

Question: Apple is about to release its latest technology. The company needs to develop a plan to communicate with key stakeholders about the release. You have been tasked with identifying those main stakeholders and sel ...

Question consider the following probability density

Question: Consider the following probability density function for the random variable x: a. Suppose a random sample of 5 observations on x yields data 1, .8, 1.3, 1.6, 2. What is the maximum likelihood estimate for θ? b. ...

Question assume that in long-run equilibrium the minimum

Question: Assume that in long-run equilibrium the minimum point of the LRAC curve for a table manufacturer's tables in $200 per table. Under conditions of monopolistic competition, will the long-run price of a table be a ...

Question for this assignment imagine that you have been

Question: For this assignment, imagine that you have been tasked with preparing a cultural brief for an upcoming trip that will put you and your travel companions in touch with a different societal cluster. Choose one cl ...

Question graphically illustratea what happens to the rental

Question: Graphically illustrate: a) what happens to the rental price of capital and the marginal product of capital as the stock of capital increases b) how the change in the marginal product of capital changes the inve ...

Question in october 2001 barry bonds of the san francisco

Question: In October 2001, Barry Bonds of the San Francisco Giants hit his record-setting 700th home run. After fan Alex Popov caught the ball, another fan, Patrick Hayashi, bumped him and grabbed the ball when he droppe ...

Question currently 1 us dollar is equal to 64 russian

Question: Currently 1 U.S. Dollar is equal to 64 Russian Rubles. The interest rate of the Russian Central Bank is 10%, and the interest rate of the US central bank (FED) is 0.25%. a. According to the interest parity cond ...

Questionnbsppeople join tennis clubs for a fixed fee per

Question: People join tennis clubs for a fixed fee per year, which entitles them to play as much as they want without charge. Because people who pay these fees play more tennis than others (who can use free public court ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert