Question
Discuss market failures and UK government interventions for food supply and demand issued in 2020, what it meant for the UK economy and the UK
Discuss market failures and UK government interventions for food supply and demand issued in 2020, what it meant for the UK economy and the UK public in the past year. Identify and explain the main UK governmental and economic policies that were used to try and address the market failures in food supply and demand, analysing if they were effective or not. Discuss and analyse at least four UK government strategies, such as: 1. Quotas 2. Price controls 3. Government transfers 4. Taxation 5. Fiscal policies 6. Poverty programmes 7. Other social welfare strategies...... Explain whether you agree or disagree that the UK government effectively addressed food supply market failures in 2020 and why. Support your answer with factual UK policy examples from the approved reference literature list.
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