A Level Economics Theme 1: Government Intervention to Correct Market Failure

Revision Guide
A Level
Edexcel

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Detailed explanations + diagrams with pros and cons for each of the government interventions to correct market failures. 

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The government interventions covered: 

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  1. Indirect Tax
  2. Subsidies
  3. Minimum Price Scheme
  4. Maximum Price Scheme
  5. Tradable Pollution Permits
  6. Regulation

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