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Market Failure (Alcohol Fraud) - Evaluation

Jim Riley

23rd December 2012

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This article from the BBC discusses how the shadow market for alcohol is alive and kicking, thanks to a loop hole in EU legislation. This article helps form a great classroom discussion when evaluating taxation as a means to combat market failure.


Another related article from Oct helps provide further points to raise in class. For your IB students who enjoy the ToK side of things, this article regarding tax avoidance, morality and 'cash in hand' may be of some interest.

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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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