Market Failure and Government Intervention · Microeconomics
Public and Merit Goods
Understanding why the private sector under-provides essential services like street lighting or education.
Key Questions
- 1Why can't the free market efficiently provide national defense?
- 2To what extent should the state provide 'free' healthcare?
- 3What happens when a merit good becomes a luxury?
National Curriculum Attainment Targets
GCSE: Economics - Market FailureGCSE: Economics - Public and Merit Goods
Year: Year 10
Subject: Economics
Unit: Market Failure and Government Intervention
Period: Microeconomics
Suggested Methodologies
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