Unit 3 Flashcards
1
Q
Why does intervention mean
A
The action taken by the government to influence the market and regulate economic activity
2
Q
What is an example of government intervention
A
Indirect taxes
3
Q
What is indirect tax
A
TAX Levied on goods and services rather than income and tax
4
Q
What are the mainobjective of subsidies
A
Lessen an associates burden that was previously levied against the receiver or promote action by providing financial support
