Hyun Kim
Jung Hoon Hong
Daiki Kim
Meejoo Song
Wooseung Sohn
1
I. INTRODUCTION
In our presentation, thither are four main subjects that we perish be explaining today. Those
subjects are:
1. Private goods and the Free Market System.
2.The impairment Mechanism and the Invisible Hand
3. Public goods and the market failure
4. Public book and the government failure.
Before we go into the details, let me briefly give you the overview. First we have to
approach these questions by asking ourselves… What do we symbolise by Exclusive?
Of course, the word scoop nates be heard on a regular basis. For example, an
exclusive interview with Professor Kim.
Then what does the word exclusive mean? According to the dictionary, the word
exclusive is defined as not split up or shared with others
So how is this relevant to what we are perusal? How is it connected to the rights? You
might ask…
There were discussions as to what clannishness meant. In my perspective, there are
spiritual and material interests that are saved by the laws. Since, these interests are
protected, as the characteristic of the rights, the interest become exclusive when it
becomes a right.
In having an exclusive right would mean that a person could enjoy the right at his or
her wish.
Therefore, we felt that there was a close link to the free market outline and the
right.
Well, lets go back to the last weeks lecture. If you can remember, Sun-young gave us a
splendid presentation on the bourgeoisie last week. Then the professor explained to us
that the reason that we did not have a revolution of the middle class in Korea was
because there was not a combined force of wealthiness and one. And if you could
remember, he also told us that in a patch where a relationship of wealth and integrity
is cordial, it meant a formation of a democratic society. Whereas a situation where the
relationship of wealth and integrity is dominated by the integrity, it meant a...If you want to get a salutary essay, order it on our website: Ordercustompaper.com
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