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What is direct provision?
A
Private firms supply a good or service themselves, with prices fixed by the government and funded by consumers.
B
The government pays private firms to supply all goods and services at prices determined by the market.
C
The government supplies a good or service itself, often free at the point of use and funded by taxation.
D
The government gives consumers cash payments so they can purchase goods and services from private firms.
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3.2.3 direct provision of goods and services Flashcards
25 flashcards on CIE Intl A Level Economics 3.2.3 direct provision of goods and services: the key terms and definitions you need to recall.