1st small intro to basic economics
2nd explain subsidy and its purpose
3rd where the government gets money for subsidies e.g. taxation
4th subsidies =higher tax which lead to consumers disposable income to decrease..therefore do subsidies make consumer poorer ? argue here
5th which goods get subsidised mention aggriculture and the cap system in europe
6th does that system help increase production...and more importantly does it lower prices- argue that suppliers use subsidy to produce more and dont lower prices therefore make more profit therefore overall consumer pays higher taxes but prices stay the same for subsidised goods
7th compare to other continents in particular africa where most countries are not able to subsidise such goods and due to mass production in europe which is the sold in africa, prices of basic goods e.g. milk increase in already poorer nation (selling of milk which is made to powder in europe and then sold at dumping prices in africa)
8th raise some positive points regarding subsidise how they provide goods and services which usually would not exist or how they promote competition
9th evaluate the points made and conclude them by making your point whether subsidies are a good economics policy tool or whether it only makes consumer in europe and other continents -link africa again worse of
essay structure: this should be a basic introductional essay to argumentative economics, the main aspect of this essay is to use as much argumentation and evaluation as possible rather then in depth anlaysis of economical concepts. it is very important for me that you use evidence which is backed up with references.i do need several references in this essay. overall this essay should be between 800 and 12000 words. You do not have to fully stick to the essay outline as i have given you this as a orientation point.
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