SlideShare a Scribd company logo

Government failure

•Download as DOCX, PDF•
•
Aquinas College Economics Department
Aquinas College Economics Department

AQA, Aquinas, Economics, ECON1, Markets, Market Failure

Education
1 of 1
ECON1 WWW.AQUINASECONOMICSAS.CO.UK @AQUINASECONOMIC Government Failure Answer all the questions below 1. Explain the term government failure 2. Explain the circumstances in which government intervention in a market to correct a failure could fail 3. Using your own knowledge explain why some have considered the European Union’s Common Agricultural Policy a failure

Recommended

The theory of production long run
The theory of production long runThe theory of production long run
The theory of production long runAquinas College Economics Department
 
The theory of production short run
The theory of production short runThe theory of production short run
The theory of production short runAquinas College Economics Department
 
The Divorce of Ownership & Control
The Divorce of Ownership & ControlThe Divorce of Ownership & Control
The Divorce of Ownership & ControlAquinas College Economics Department
 
Creative commons licenses for aquinas economics a2
Creative commons licenses for aquinas economics a2Creative commons licenses for aquinas economics a2
Creative commons licenses for aquinas economics a2Aquinas College Economics Department
 
Sales maximisation theory
Sales maximisation theorySales maximisation theory
Sales maximisation theoryAquinas College Economics Department
 
Causes of Economic Growth
Causes of Economic GrowthCauses of Economic Growth
Causes of Economic GrowthAquinas College Economics Department
 
The objectives of firms
The objectives of firmsThe objectives of firms
The objectives of firmsAquinas College Economics Department
 
The growth of firms
The growth of firmsThe growth of firms
The growth of firmsAquinas College Economics Department
 

Recommended

The theory of production long run
The theory of production long runThe theory of production long run
The theory of production long runAquinas College Economics Department
 
The theory of production short run
The theory of production short runThe theory of production short run
The theory of production short runAquinas College Economics Department
 
The Divorce of Ownership & Control
The Divorce of Ownership & ControlThe Divorce of Ownership & Control
The Divorce of Ownership & ControlAquinas College Economics Department
 
Creative commons licenses for aquinas economics a2
Creative commons licenses for aquinas economics a2Creative commons licenses for aquinas economics a2
Creative commons licenses for aquinas economics a2Aquinas College Economics Department
 
Sales maximisation theory
Sales maximisation theorySales maximisation theory
Sales maximisation theoryAquinas College Economics Department
 
Causes of Economic Growth
Causes of Economic GrowthCauses of Economic Growth
Causes of Economic GrowthAquinas College Economics Department
 
The objectives of firms
The objectives of firmsThe objectives of firms
The objectives of firmsAquinas College Economics Department
 
The growth of firms
The growth of firmsThe growth of firms
The growth of firmsAquinas College Economics Department
 
Technological change
Technological changeTechnological change
Technological changeAquinas College Economics Department
 
The Economic Problem
The Economic ProblemThe Economic Problem
The Economic ProblemAquinas College Economics Department
 
The circular flow of income
The circular flow of incomeThe circular flow of income
The circular flow of incomeAquinas College Economics Department
 
Aggregate Demand
Aggregate DemandAggregate Demand
Aggregate DemandAquinas College Economics Department
 
Production
ProductionProduction
ProductionAquinas College Economics Department
 
The supply curve
The supply curveThe supply curve
The supply curveAquinas College Economics Department
 
Price determination
Price determinationPrice determination
Price determinationAquinas College Economics Department
 
The demand curve
The demand curveThe demand curve
The demand curveAquinas College Economics Department
 
CC License Documentation aquinaseconomicsas.co.uk
CC License Documentation aquinaseconomicsas.co.ukCC License Documentation aquinaseconomicsas.co.uk
CC License Documentation aquinaseconomicsas.co.ukAquinas College Economics Department
 
Unemployment
UnemploymentUnemployment
UnemploymentAquinas College Economics Department
 
The Phillips Curve
The Phillips CurveThe Phillips Curve
The Phillips CurveAquinas College Economics Department
 
International Trade
International TradeInternational Trade
International TradeAquinas College Economics Department
 
Inflation and Deflation
Inflation and DeflationInflation and Deflation
Inflation and DeflationAquinas College Economics Department
 
The Uses of National Income Data
The Uses of National Income DataThe Uses of National Income Data
The Uses of National Income DataAquinas College Economics Department
 
The Balance of Payments A2
The Balance of Payments A2The Balance of Payments A2
The Balance of Payments A2Aquinas College Economics Department
 
25 mark essay planning
25 mark essay planning25 mark essay planning
25 mark essay planningAquinas College Economics Department
 
The WTO Background
The WTO BackgroundThe WTO Background
The WTO BackgroundAquinas College Economics Department
 
Globalisation
GlobalisationGlobalisation
GlobalisationAquinas College Economics Department
 
Monetary Policy for A2
Monetary Policy for A2Monetary Policy for A2
Monetary Policy for A2Aquinas College Economics Department
 
Monetary Policy in the UK
Monetary Policy in the UKMonetary Policy in the UK
Monetary Policy in the UKAquinas College Economics Department
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.MaryamAhmad92
 

More Related Content

More from Aquinas College Economics Department

More from Aquinas College Economics Department (20)

Technological change
Technological changeTechnological change
Technological change
 
The Economic Problem
The Economic ProblemThe Economic Problem
The Economic Problem
 
The circular flow of income
The circular flow of incomeThe circular flow of income
The circular flow of income
 
Aggregate Demand
Aggregate DemandAggregate Demand
Aggregate Demand
 
Production
ProductionProduction
Production
 
The supply curve
The supply curveThe supply curve
The supply curve
 
Price determination
Price determinationPrice determination
Price determination
 
The demand curve
The demand curveThe demand curve
The demand curve
 
CC License Documentation aquinaseconomicsas.co.uk
CC License Documentation aquinaseconomicsas.co.ukCC License Documentation aquinaseconomicsas.co.uk
CC License Documentation aquinaseconomicsas.co.uk
 
Unemployment
UnemploymentUnemployment
Unemployment
 
The Phillips Curve
The Phillips CurveThe Phillips Curve
The Phillips Curve
 
International Trade
International TradeInternational Trade
International Trade
 
Inflation and Deflation
Inflation and DeflationInflation and Deflation
Inflation and Deflation
 
The Uses of National Income Data
The Uses of National Income DataThe Uses of National Income Data
The Uses of National Income Data
 
The Balance of Payments A2
The Balance of Payments A2The Balance of Payments A2
The Balance of Payments A2
 
25 mark essay planning
25 mark essay planning25 mark essay planning
25 mark essay planning
 
The WTO Background
The WTO BackgroundThe WTO Background
The WTO Background
 
Globalisation
GlobalisationGlobalisation
Globalisation
 
Monetary Policy for A2
Monetary Policy for A2Monetary Policy for A2
Monetary Policy for A2
 
Monetary Policy in the UK
Monetary Policy in the UKMonetary Policy in the UK
Monetary Policy in the UK
 

Recently uploaded

1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.MaryamAhmad92
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfciinovamais
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...christianmathematics
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDThiyagu K
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.christianmathematics
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfChris Hunter
 
ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701bronxfugly43
 
Food Chain and Food Web (Ecosystem) EVS, B. Pharmacy 1st Year, Sem-II
Food Chain and Food Web (Ecosystem) EVS, B. Pharmacy 1st Year, Sem-IIFood Chain and Food Web (Ecosystem) EVS, B. Pharmacy 1st Year, Sem-II
Food Chain and Food Web (Ecosystem) EVS, B. Pharmacy 1st Year, Sem-IIShubhangi Sonawane
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxheathfieldcps1
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxRamakrishna Reddy Bijjam
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Celine George
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesCeline George
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhikauryashika82
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsMebane Rash
 
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptxMaritesTamaniVerdade
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxVishalSingh1417
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docxpsychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docxPoojaSen20
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphThiyagu K
 

Recently uploaded (20)

1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SD
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
 
ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701
 
Food Chain and Food Web (Ecosystem) EVS, B. Pharmacy 1st Year, Sem-II
Food Chain and Food Web (Ecosystem) EVS, B. Pharmacy 1st Year, Sem-IIFood Chain and Food Web (Ecosystem) EVS, B. Pharmacy 1st Year, Sem-II
Food Chain and Food Web (Ecosystem) EVS, B. Pharmacy 1st Year, Sem-II
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docx
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docxpsychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docx
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 

Government failure