Government failure - When government intervention leads to a net welfare loss, Distortion of price signals - Examples include tariffs and minimum wage, Unintended consequences - Unanticipated outcomes such as excess supply sold on black markets, Excessive administrative costs - When the cost of running a scheme outweights any benefit, Information gaps - When missing or incorrect information causes wrong decisions to be made, Conflicting objectives - Where choices are needed and the opportunity cost would have achieved higher welfare, Public choice theory - Theories about how decisions on G and T are made,

Tutoring Government failure

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