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  • Intervention Poster

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    Rayzor 631
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    This document defines key terms related to government intervention in economics: a free market is one where supply and demand determine prices without government involvement, interventionism refers to economic policies that favor government control and involvement in markets, and equity relates to fairness, especially regarding taxation and welfare.

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    This document defines key terms related to government intervention in economics: a free market is one where supply and demand determine prices without government involvement, interventionism refers to economic policies that favor government control and involvement in markets, and equity relates to fairness, especially regarding taxation and welfare.

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    © All Rights Reserved
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    4 views1 page

    Intervention Poster

    Uploaded by

    Rayzor 631
    This document defines key terms related to government intervention in economics: a free market is one where supply and demand determine prices without government involvement, interventionism refers to economic policies that favor government control and involvement in markets, and equity relates to fairness, especially regarding taxation and welfare.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Intervention Definitions

    Free Market:
    What is intervention in Economics? A market where
    prices depend on
    supply and demand,
    without government
    intervention

    Interventionism:
    An economic policy
    favouring government
    interventionism and
    control

    Equity:
    The idea of fairness in
    economics, especially
    for taxation and
    welfare

    Maximum
    Price for
    Goods

    Made by David Bartos

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