government intervention Archives - EU Seguros
Taxation and Deadweight Loss

Taxation and Deadweight Loss

by | Out 11, 2021 | economics, microeconomics

Taxation and Deadweight Loss Overview Governments get paid by enforcing taxes on both producers and consumers. When taxes are imposed, this reduces the quantity of a product that will be sold in the market. And whenever the market is not in equilibrium due to an...
price ceilings and price floors

price ceilings and price floors

by | Out 8, 2021 | economics, microeconomics

What are price controls? The Economy can be left to its own device, letting demand and supply be defined by free markets, or the government can intervene and set price controls. The whole idea is to limit the maximum and minimum prices charged to the consumer. There...
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