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University Degree: Applied Economics

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  • Marked by Teachers essays 2
  1. Use economic theory and supporting material to discuss economic reasons in favour and in disfavour of an imposition of a minimum wage.

    The first report of the commission in June 1998 concluded that a minimum wage of £3.60 should be set up. The second report of the commission in February 2000 tried to analyse the effect of the National Minimum Wage had on the economy after the intervention. Their main conclusion was the minimum wage mostly benefit the economy. Minimum wage legislation is an example of government intervention into the economy due to a market failure. In this case the market failure was that the worker were not provided a level of income that support their standard of living.

    • Word count: 1492

Conclusion analysis

Good conclusions usually refer back to the question or title and address it directly - for example by using key words from the title.
How well do you think these conclusions address the title or question? Answering these questions should help you find out.

  1. Do they use key words from the title or question?
  2. Do they answer the question directly?
  3. Can you work out the question or title just by reading the conclusion?

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