461921
The Impact of
Government Intervention
on Market Outcomes
- The role of Markets and the Government in...
- Health Care
- Housing
- Agriculture and the
European Union's
Common Agricultural
Policy (CAP
- Transport
- The Environment
- Free market doesn't
consider external costs
- Issues pollution permits, taxes fuel
- Issues pollution permits, taxes fuel
- Free market doesn't
consider external costs
- Car, bus, train and air
travel are provided.
- Taxes fuel as it has negative externalities. Issues franchises for
rail travel (would be pointless having many different tracks)
- Taxes fuel as it has negative externalities. Issues franchises for
rail travel (would be pointless having many different tracks)
- The Environment
- Free market operates within the
price band of a buffer stock
- Government provides subsidies. CAP operates
buffer stocks to maintain prices.
- Government provides subsidies. CAP operates
buffer stocks to maintain prices.
- Transport
- Allocated to those who can
afford (inability for young
people to get on housing ladder
could be market failure).
- Provided to those on low incomes through council houses
- Provided to those on low incomes through council houses
- Agriculture and the
European Union's
Common Agricultural
Policy (CAP
- some people would be
unable to afford it if left to
the free market
- Provided through taxation (the NHS) so free to all,
excess demand so waiting lists
- Provided through taxation (the NHS) so free to all,
excess demand so waiting lists
- Housing
- Role of Market
- Role of Government
- Health Care
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