Closures: should the government subsidise loss-making enterprises

David Williams; Frank Kirwan; James Love

Closures: should the government subsidise loss-making enterprises

David Williams, Frank Kirwan (Editor), James Love (Editor)

Economics

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Abstract

The most powerful arguments against the provision of public subsidy to loss-making
enterprises seek to establish that it is the public welfare, rather than private interest, which is diminished by the subsidy; that, moreover, the subsidy assists some privileged group at the expense of the great majority of the population, many of whose members have incomes lower than those of the people that they are obliged to subsidise. This economic perspective revisits the arguments.

Original language	English
Pages (from-to)	78-81
Number of pages	4
Journal	Quarterly Economic Commentary
Volume	10
Issue number	2
Publication status	Published - Nov 1984

Keywords

industrial decline
loss-making enterprises
public subsidies
private enterprise
public welfare

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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KW - public welfare

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Closures: should the government subsidise loss-making enterprises

Abstract

Keywords

UN SDGs

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