Flashcards
Government intervention definitions
Flashcards do 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
Informações
- Descrição
- 1.4 Government intervention definitions flashcards - Edexcel A level Year 1
- Criado por
- Jesse McNab · mai 2018
- Atualizado
- 28 mai 2018
- Visualizações
- 21
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