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Market Mechanism, Market Failure and government intervention
Government Intervention to Correct Market Failure
Intervention 1 – Taxation
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Subdecks (4)
Why do Governments Levy Taxes?
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > Government Intervention to Correct Market Failure > Intervention 1 – Taxation
1 card
How it works (Ad valorem Tax)
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > Government Intervention to Correct Market Failure > Intervention 1 – Taxation
3 cards
How it works (specific/unit Tax)
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > Government Intervention to Correct Market Failure > Intervention 1 – Taxation
6 cards
Taxation (Different Types)
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > Government Intervention to Correct Market Failure > Intervention 1 – Taxation
13 cards