Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. This mind map introduces Government Intervention in Markets.

Government Intervention in Markets - Mind Map

Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version.

View a larger version of the mind map.

• Working Time Directive
  
  • Health and Safety Legislation
  • Annual leave (4 weeks per year)
  • Rest Periods (11 hours per day)
  • Shift Work (not to exceed 8 hrs per night)
  • Weekly Rest day
  • Daily Breaks
  • Max 48 hrs per week
  • Impact on business costs and flexibility
• Government Failure
  
  • Distortion of Markets
  • Distortion of Incentives
  • Rent Seeking
  • Log Rolling
  • Administrative Costs
  • Conflicting Objectives
  • Inadequate Information
• National Minimum Wage
  
  • Between 18 - 21 (Oct 03) £3.80
  • 22+ (Oct 03) £4.50
  • Effect of training costs
  • Effect of Accommodation Provision
  • Fines for non-compliance up to £5,000
  • Fear of Unemployment?
  • Impact on business costs
  • Impact dependent on type of business