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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
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