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Essay / Research Paper Abstract
A 9 page research paper that examines economic efficiency, or in this case, inefficiency, first looks at what this concept means and it is defined. Then, the concept of efficiency is applied to teen consumerism in North America showing that inefficiency derives naturally from the consumer habits established by teen culture. Bibliography lists 6 sources.
Page Count:
9 pages (~225 words per page)
File: D0_khteenc.rtf
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Unformatted sample text from the term paper:
and inefficiency, things can get very technical (Schenk, 2002). The following examination of economic efficiency, or in this case, inefficiency, first looks at what this concept means and it is
defined. Then, the concept of efficiency is applied to teen consumerism in North America showing that inefficiency derives naturally from the consumer habits established by teen culture. Economic
efficiency--what it is and who has it Economist Joseph Heath says that Canada has it. Canada has consistently ranked at or near the top of the United national Human
Development Index, which is a fact that economist Joseph Heath credits to the outcome of the Canadian achievement of obtaining and maintaining an efficient society (Sheridan, 2005). At the
end of the first chapter, Heath states that Canadian "society is efficient because it enables us, its members to act efficiently, it facilitates efficiency. It allows us to go about
our business with a minimum of hassle" (Sheridan, 2005). Heaths reasoning and his economic perspective is very similar to Louis Halles thesis that asserts that despite the assertions of ideal
models of political organization, complete implementation never truly occurs in the real world (Sheridan, 2005). To illustrate this point, Sheridan draws an analogy to an engineers viewpoint on efficiency, which
points out that an ideal engine, in optimum condition could theoretically conceive 100 percent efficiency, but that real-world requirements for horsepower translate into even the best engines achieving only 50
percent in efficiency ratings. Heath, asserts Sheridan, argues the same limits on social efficiency (2005). Furthermore, Sheridan asserts that Heath fails to prove his case concerning the presumed efficiency of
the Canadian economy, which brings up the question of precisely what this means. Schenk (2002) says that the basic idea of economic efficiency is actually quite simple and can
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