theme 2 - pack 11

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4 Terms

1

define market based policy

designed to remove anything that prevents the free market system working efficiently

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2

define interventionist policy

policies designed to correct market failure

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3

what are some examples of market based policies

  • cut corporation tax

  • de-regulation

  • reduce trade union power

  • privatisation

  • reduce welfare benefits

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4

what are examples of interventionist policies

  • infrastucture spending

  • healthcare and education spending

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