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  • PEARSON (PEARSON)
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  • Unit 1 - Introduction to markets and market failure
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Theme 1: 1.4.1d Pollution Permits

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Excellent study tool to revise the Pollution Permits section of the A-level Economics syllabus. This is tailored to the Edexcel specification but can also be used for other exam boards. This is a relevant resource for both first-year and second-year students to revise or learn from and get the best possible grade.

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Institution
PEARSON (PEARSON)
Course
Unit 1 - Introduction to markets and market failure

Content preview

From the 1.4 - Government
specification... Intervention

, Market failure is a situation
where the free market
mechanism does not lead to
Recap: an optimal/efficient allocation
of resources and the needs
Market and wants of societies are
not met. As a result, too much
Failure or too little of a product can be
produced, leading to a
net welfare loss (society is
worse off).
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Connected book

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Peter Smith Edexcel A level Economics A Book 1
  • Unknown
  • 9781471830006
  • 1

Written for

Study Level
A/AS Level
Examinator
PEARSON (PEARSON)
Subject
Economics A
Unit
Unit 1 - Introduction to markets and market failure

Document information

Uploaded on
May 26, 2021
Number of pages
11
Written in
2020/2021
Type
Class notes
Professor(s)
Mr. payne
Contains
All classes

Subjects

  • a level economics
  • edexcel economics
  • economics
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