Evaluate the microeconomic and macroeconomic reasons for the fall in poverty in India

Edexcel A-Level Economics Paper 3 June 2025 Insert

Evaluate the microeconomic and macroeconomic reasons for the fall in poverty in India. (June 2025)

Plan

• Paragraph 1
  • Argument: one microeconomic cause of lower poverty is government subsidies e.g cooking oil
  • Diagram: subsidies, fall in costs
  • Evaluation: opportunity cost, government failure 
• Paragraph 2
  • Argument: one macroeconomic reason for lower poverty is the use of policies such as buffer stock schemes 
  • Diagram: buffer stock diagram 
• Evaluation: waste, opportunity cost

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