ECONOMICS
Model Essays
Notes MCQs Blog Diagrams �Economics Study Pack Government Microeconomic Intervention (A Level)Economics EssaysA Level/AS Level/O Level Free Essay Outline Introduction Define universal basic income (UBI). Briefly discuss its theoretical underpinnings and potential benefits/drawbacks.Impact on Labor Market Participation Arguments for Reduced Labor Supply:⭐Disincentive to work due to guaranteed income. ⭐Potential increase in reservation wages.Arguments Against Reduced Labor Supply:⭐UBI as an enabler for entrepreneurship and retraining. ⭐Potential increase in labor force participation due to reduced financial constraints. ⭐Empirical evidence from pilot programs (e.g., Finland).Impact on Income Distribution Potential for Reduced Income […]
Full Post at www.toolazytostudy.com