Fichas
Government intervention definitions
Fichas del conjunto (6)
- 1Subsidiesgovernment grant to give the effect of a reduction in production costs
- 2Maximum pricea price, usually set by the government, which makes it illegal for firms to sell the product for more than a certain price
- 3Minimum pricea price, usually set by the government, which is guaranteed to producers
- 4tradeable pollution permitsrights to buy and sell actual or potential pollution in artificially created markets
- 5property rightsownership rights
- 6government failurewhen government intervention results in a net welfare loss
Información
- Descripción
- 1.4 Government intervention definitions flashcards - Edexcel A level Year 1
- Creado por
- Jesse McNab · may 2018
- Actualizado
- 28 may 2018
- Visitas
- 21
- Etiquetas
- Valoración