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Why Are Negative Side Effects Often Ignored in Program Evaluations

question 8

Essay

Why are negative side effects often ignored in program evaluations? Imagine the side effects of introducing a modern medical clinic into a rural village in an undeveloped nation.


Definitions:

Monopoly Power

The ability of a single seller to control market prices and exclude competitors.

Price Wars

A competitive situation where retailers or producers continually reduce prices to undercut competitors, often at the expense of profit.

Approach Zero

A concept in mathematics and economics where a variable gets infinitely close to zero but never actually reaches zero.

Standard Oil Company

An American oil producing, transporting, refining, and marketing company established by John D. Rockefeller and associates in 1870, known for its historical monopoly in the industry.

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