Net welfare loss


Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

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Net welfare loss - definition

Net welfare loss is the lost welfare as a result of too much or too little production and consumption of a good or resource.

For example, the net welfare loss for a good generating a negative production externality is shown as:

net welfare loss diagram

WTO rules

What exactly is the 'most favoured nation' rule?

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Savings ratio

Savings ratio falls to lowest level on record.

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