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Market Mechanism, Market Failure and government intervention
Government Intervention to Correct Market Failure
Intervention 2 – Subsidies
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Subdecks (3)
Diagrammatical Analysis of Subsididy
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > Government Intervention to Correct Market Failure > Intervention 2 – Subsidies
4 cards
The effects of a subsidy
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > Government Intervention to Correct Market Failure > Intervention 2 – Subsidies
5 cards
What is a subsidy?
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > Government Intervention to Correct Market Failure > Intervention 2 – Subsidies
3 cards