Unit 2.7(1): Governments in markets - tax and subsidy

IB Economics: Unit 2.7(1): Governments in markets - tax and subsidy

Governments play an important role in all economies. With average government spending in many countries of over 40 percent of GDP you can see how influential governments are in the economies of different countries. This is a macroeconomic way of looking at levels of government intervention, but government are heavily involved at a microeconomic level as well through taxes and subsidies.The link to the attached pdf is...

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