Economics 101
MARKETS
,TUTOR PROFILE
Ntuthuko Hlela
• Economics Tutor at the University of KwaZulu Natal [UKZN].
• Member of the Golden Key Society for 2 consecutive years.
• Top Economics student at the UKZN for 3 consecutive years.
,Table Of Content
Markets
- A housing market with a rent ceiling
- A labour market with a minimum wage
- Taxes
- Subsidies and quotas
- Market for illegal goods
, Introduction
The government is always looking for ways in which it can improve t
lives of the citizens. This is beneficial to the socio-economic
development of a country, however, not always. In this chapter we w
look at the effects of government intervention.