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 larger version of the mind map.

• Buffer Stocks
  
  • Use of stocks to influence supply
  • Purchase of stocks in surplus
  • Sale of stocks in shortage
  • Cost of Storage
  • Cost of setting up the scheme
• Price Controls
  
  • Maximum Price
  • Minimum Price
  • Distorting Effects
  • Black Markets?
• Price Stability Schemes
  
  • Excess Supply?
  • Excess Demand?
  • Lack of Perfect Knowledge?
• Income Guarantee Schemes
  
  • What level?
  • Difficulty of reading the market
  • Long term effects on trade
  • Difficulties of future adjustment