Government Intervention (week 5)
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Last updated 6:55 AM on 11/24/25
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6 Terms
1
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Redistributive
To distribute income.
2
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Allocative
reallocation of resources
3
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Stabilisation
To stabilise the economy
4
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HOW? Redistributive
•Welfare benefits
•Progressive taxes
5
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HOW? Allocation
•The market may produce socially undesirable items.
•To provide goods and services the private sector does not supply.
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HOW? Stabilisation
•Inflation decreases
•Unemployment decreases •Economic growth increases
Note 
Flashcards (27)