can sell all they want at the equilibrium price.
Another one of the Ten principles of Economics :
- Governments can sometimes improve market
outcomes.
However, price controls often hurt more than help them
- Rent-control : keep rents low makes housing
hard to find
- Minimum-wage : raise the income cause of
unemployment
What is welfare & the need of evaluation
Economic Assistance
Promotes well-being, ‘for the benefits of all’
State of being happy and healthy and prosperous
an effort to improve people’s quality of life
What is welfare & the need of evaluation
State of being happy and healthy and prosperous
Economic Assistance
Promotes well-being, ‘for the benefits of all’
-> An effort to improve people’s quality of life
The 19th General Election
Saenuri Party: The conservative
Democratic United Party: The liberal
Cannot judge the election just by looking at the parties’ welfare policy.
Slogan
Make a dream of buying a house
become a reality
&
Be free from sorrow of homeless.
Goal
To reduce housing costs
for ordinary people
Statements
Provide 1.2 million Public Housing
→ account for 10~12% of the whole housing.
Expand national funds for Newtown Project’s infrastructure.
Relieve interest burden of rental deposits for low-income people.
rently and this report would focus on welfare policies from each party in some depth. There are many sorts of policies on welfare and only 3 main welfare policies that the two parties suggested during the election would be covered. Then, what are 3 welfare policies about? How are their welfare policies similar or different?
Ⅱ-1. Housing Policy
Firstly, Saenuri Party suggested housing policy