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This series of three revision videos focuses on the key topic of government subsidies, which are a form of intervention in a market. The first video provides examples of subsidies, the second discusses analysis diagrams for assessments, and the third evaluates the impact of government subsidies. A subsidy is defined as financial assistance offered to businesses by the government, which can reduce the marginal cost of supply and lead to an increase in output sold at a lower price. This often results in an extension of demand.