The student outlines the topic of their study at the beginning of the essay, making its aim clear to the reader, although the title could benefit from being more precise regarding its scope and focus. They effectively state the theoretical area of economics, demonstrating a good grasp of microeconomic concepts related to market failure and welfare loss, though the discussion could be enhanced by more clearly defining externalities in the context of the toy industry. The significance of the topic is well-explained, detailing the impacts of government intervention on the toy industry in Mumbai, and the research question is specific and focused. However, the research question is somewhat descriptive and could be improved to allow for a more critical analysis of the policies' success. Overall, the student conducts a thorough investigation supported by a range of appropriate sources, including primary data from interviews and surveys, and effectively describes the methodology at the beginning of the essay.
