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Market Failure and Government Intervention · Spring Term

Public Goods and the Free-Rider Problem

Understanding why the private sector under-provides non-rivalrous and non-excludable goods.

Key Questions

  1. Justify why the free market cannot efficiently provide national defense.
  2. Analyze the 'free-rider problem' associated with public goods.
  3. Evaluate the challenges of funding public goods through taxation.

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: Spring Term

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