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VIDEO: Tax Revenue and Deadweight Losses - GRADE 11-12

This video explains how taxation: (i) reduces economic welfare by increasing the price consumers must pay for goods, (ii) reduces the net price that sellers receive from selling, and (iii) creates deadweight losses (i.e. causing some buyers and sellers to stop transacting as a result of the tax), which lowers collective economic welfare.

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LESSON PLANS: JA Economics - GRADE 11-12

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RESOURCE: Empowered - GRADE 1-12

Register to join the Empowered Teacher Community by clicking on the 'request to join' button at the link below and receive 100+ entrepreneurship lesson plans and hands-on activities, lesson kits, acce

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