2.10.3—Government intervention to address market failure
- Syllabus
- 0455–2027–2028
- Objective
- 2.10.3
- Level
- —
2.10.3—Government intervention to address market failure
- definitions, drawing and interpretation of diagrams, advantages and disadvantages of:
- maximum and minimum prices in product markets
- indirect taxation
- subsidies
- definitions, advantages and disadvantages of:
- regulation
- privatisation
- nationalisation
- direct provision of goods and services
- quotas, e.g. for the extraction of natural resources
ConceptIGCSE Economics