Questions

Prices do not reflect the full social cost of production is an example of Market failure.

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

Distributed systems work in a network. They can share the network resources,communicate with each other.

Light Year is related to Distance. It is the unit of Distance.

It is about 9.5 Trillion Kms or 5.9 Trillion miles.

• It is the distance that light travels in vaccum in one julian year i.e, 365.25 days.

The 828-metre (2,717 ft) tall Burj Khalifa in Dubai has been the tallest building since 2008.

Farsightedness is more properly called Hyperopia.

Alluvial type of soil has the largest area covered in India. Alluvial soils are fine-grained fertile soil deposited by water flowing over flood plains or in river beds. Most of the soil is Sandy and clayey soils are not uncommon.