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A-Level Micro Economics (AQA) > 4.1.8.2 The meaning of market failure > Flashcards

4.1.8.2 The meaning of market failure Flashcards

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A-Level Micro Economics (AQA) (22 decks)

4.1.1.1 Economic Methodology

4.1.1.2 The nature & purpose of economic activities

4.1.1.3 Economic resources

4.1.1.4 Scarcity, choice & the allocation of resources

4.1.1.5 Production possibility diagrams

4.1.2.1 Consumer behaviour

4.1.2.2 Imperfect information

4.1.2.3 Aspects of Behavioural economic theory

4.1.2.4 Behavioural economics & economic policy

4.1.3.1 The determinants of the supply of goods & services

4.1.3.2 Price, income & cross elasticity of demand

4.1.3.3 The determinants of the supply of goods and services

4.1.3.4 Price elasticity of supply

4.1.3.5 The determination of equilibrium market prices

4.1.8.1 How markets & prices allocate resources

4.1.8.2 The meaning of market failure

4.1.8.3 Public goods, private goods & quasi-public goods

4.1.8.4 Positive & negative externalities in consumption & production

4.1.8.5 Merit & demerit goods

4.1.8.6 Market imperfections

4.1.8.9 Government intervention in markets

4.1.8.10 Government failure

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