The global respiratory devices market was valued at almost $4.2 billion in 2009. This market is expected to grow at a Compounded Annual Growth Rate (CAGR) of 10% from 2009 to 2016 to reach $8.2 billion by 2016. The market is expected to be driven by the aging population and growing disease prevalence rates for respiratory diseases such as COPD (Chronic Obstructive Pulmonary Disease) and asthma.The market comprises Positive Airway Pressure (PAP)...more
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Be warned: Economies do not live on markets alone. The United States has a mixed economy, which combines private markets with elements of government intervention. Why do market-oriented countries still rely on government interventions? There is ture, there is a beautiful, you have more one belongs to you Links London. Every wonman is a separate individual, each person has a unique Links London.There are two reasons. First, efficiency may be hard to achieve in many real world situations when pollution or other externalities are present or when there is imperfect competition. Second, the outcomes of competitive markets, even when they are efficient, may not be socially desirable or acceptable.A number of market failures spoil the idyllic picture assumed in our discussion of efficient markets: imperfect competition, externalities, and imperfect information.Imperfect Competition. When a firm has market power in a particular market (say it has a monopoly because of a patented drug or a local electricity franchise), the firm can raise the price of its product above its marginal cost. Consumers buy less of such goods than they would under competition, and consumer...more
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