Market Failure and Government Intervention · Microeconomics

Public Goods and Merit Goods

Differentiating between goods that the market will not provide and goods that are under-consumed.

Key Questions

  1. 1Why can the private sector not easily provide national defense?
  2. 2Should the government force people to consume certain services like education?
  3. 3How does the free rider problem discourage private investment?

MOE Syllabus Outcomes

MOE: Market Failure and Government Intervention - S4
Level: Secondary 4
Subject: Economics
Unit: Market Failure and Government Intervention
Period: Microeconomics

Suggested Methodologies

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