Excellent study tool to revise the Government Intervention in Market and Taxes section of the A-level Economics syllabus. This is tailored to the Edexcel specification but can also be used for other exam boards.
This is a relevant resource for both first-year and second-year students to revise o...
This week, we will combine two aspects of the specifications which both tackle
government taxes and subsidies. You will first develop an understanding of how eac
these effect the market (1.2.9) before examining how they can be used as tools to c
market failure (1.4.1a).
From the 1.2.9 - Subsidies and
specification... Indirect Taxation
,From the 1.4 - Government
specification... Intervention
, How can the
government intervene
in markets to correct
market failure
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