ECON1

Government InterventionAnswer all the questions below

1. Explain how through legislation and regulation the government can intervene in the market

2. Before the Thatcher Government explain one major role which the government had in the economy in relation to industry

3. The government could decide to become involved in the economy through financial intervention. Explain how a government may do this

4. Explain what is meant by an indirect tax5. How might a government close the information gap?6. Using the Nelson Thornes text book summarise the effects of

government intervention Pg105 onwards

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