This week, we will combine two aspects of the specifications which both tackle
government taxes and subsidies. You will first develop an understanding of how eac
these effect the market (1.2.9) before examining how they can be used as tools to c
market failure (1.4.1a).
From the 1.2.9 - Subsidies and
specification... Indirect Taxation
,From the 1.4 - Government
specification... Intervention
, How can the
government intervene
in markets to correct
market failure
government taxes and subsidies. You will first develop an understanding of how eac
these effect the market (1.2.9) before examining how they can be used as tools to c
market failure (1.4.1a).
From the 1.2.9 - Subsidies and
specification... Indirect Taxation
,From the 1.4 - Government
specification... Intervention
, How can the
government intervene
in markets to correct
market failure
