Tag: market

Government to extend senior population and foreign workers’ participation in labor market …

meanwhile the government has unveiled a set of measures to revitalize the nail labor economy and deal with population decline Korea is rapidly becoming an age Society so the measures are meant to encourage the participation of senior citizens and foreign workers our immune son has the latest at a meeting Wednesday chaired by finance minister hounam ji the population...

Externalities: Market Failure or Political Failure?

Economists often talk about externalities as a reason why government should regulate markets. Externalities refer to situations where in our private actions we may impose costs on other actors without paying appropriate compensation. So for example, when a factory pumps out noxious fumes into the atmosphere it’s imposing an externality on the people in the neighborhood who are breathing in...