Prepared for IGCSE KS4 Economic. At the end of the lesson, students should be able to:
D efine the mixed economic system. Describe government intervention to
address market failure Definitions, drawing and interpretation of
appropriate diagrams showing the effects of three government
microeconomic policy measures : maximum and minimum prices in
product, labour and foreign exchange markets; indirect taxation ; and
subsidies . Definitions only of; government microeconomic policy
measures: regulation; privatisation
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