ATAR Notes: Forum

VCE Stuff => VCE Business Studies => VCE Subjects + Help => VCE Economics => Topic started by: the_boss69 on October 11, 2018, 02:43:31 pm

Title: Recent examples of government failure in markets
Post by: the_boss69 on October 11, 2018, 02:43:31 pm

What are some recent examples of government failure in markets? The textbook is very limited in regards to this topic

Title: Re: Recent examples of government failure in markets
Post by: Chelsea f.c. on October 11, 2018, 03:36:25 pm

Kevin Rudd's home insulation and the Murray darling basement scheme may be seen as a failure

Title: Re: Recent examples of government failure in markets
Post by: S200 on October 11, 2018, 03:37:10 pm

Minimum wage and negative gearing are the two main ones that my teacher gave me...
Basically, it's Government intervention resulting in failure.
Minimum wage causes a lowering of productivity.
Negative gearing lowers taxation revenue.