1.2.6 Government intervention
- Syllabus
- 2026
- Topic
- 1.2.6
- Level
- —
1.2.6.a Government policy to deal with externalities
Government policy to deal with externalities:
- taxation
- subsidies
- fines
- regulation
- pollution permits.
1.2.6.b Evaluating government policies for externalities
Advantages and disadvantages of each government policy.
1.2.6.c Government regulation of competition
Government regulation of competition to:
- promote competition
- limit monopoly power
- protect consumer interests
- control mergers and takeovers.
1.2.6.d Minimum-wage intervention and diagrams
Explain reasons for a minimum wage and its advantages and disadvantages. Use diagrams to show the effects of introducing or increasing a minimum wage.
Objective notes
4 learning objectivesConceptIGCSE Economics