Jaisul Naik

* many developing countries rely on exporting primary products to generate income * this is a barrier to economic development because * the prices of primary products are volatile - due to sudden changes in the

* subsidy * definition * diagram * link it to the market failure * evaluation * over-dependence on subsidy * opportunity cost - taxpayer A subsidy is a payment given by the government to firms, causing supply to shift to

* Edexcel A-Level Economics Paper 1 June 2024 * Edexcel A-Level Economics Paper 2 June 2024 * Edexcel A-Level Economics Paper 3 June 2024

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Edexcel A-Level Economics Paper 2 June 2024Edexcel A-Level Economics Paper 2 June 2024.pdf573 KBdownload-circle