Taxes and Subsidies: Government's Role in Markets
Students will learn about basic taxes and subsidies, understanding how the government uses these tools to influence what people buy and sell, and to fund public services.
About This Topic
Students will learn about basic taxes and subsidies, understanding how the government uses these tools to influence what people buy and sell, and to fund public services.
Key Questions
- Why does the government collect taxes on some goods, like sugary drinks?
- What happens when the government gives money (subsidies) to certain industries or activities?
- How do taxes and subsidies affect the prices we pay and the choices businesses make?
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