Economics · 5th Year · Government and the Economy · 4.º Período
Market Failure and Government Intervention
Investigation into situations where free markets fail to allocate resources efficiently, such as public goods and externalities, and the methods of government intervention.
NCCA Curriculum SpecificationsNCCA Economics LO 3.5NCCA Economics LO 3.6
About This Topic
Investigation into situations where free markets fail to allocate resources efficiently, such as public goods and externalities, and the methods of government intervention.
Key Questions
- What causes market failure?
- How do positive and negative externalities affect society?
- When and how should the government intervene in markets?
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