Subsidies: Consumer and Producer Benefit
- Levels: A Level, IB
- Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC
When analysing the impact of government subsidies in markets, it is important to make a distinction between consumer benefit and producer benefit. This short revision video takes you through the difference and the diagrams you can draw to get good analysis marks.
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- Economics
- Student videos
- Subsidies
- Real disposable income
- Subsidy
- Cross-subsidy
- Merit Goods
- Community surplus
- Producer surplus
- Consumer surplus
- Deadweight loss
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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