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Summary Market failure

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This is useful for year 12 students look to achieve As in there mocks

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Individuals, firms, markets and market failure








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Study Level
A/AS Level
Examinator
AQA
Subject
Economics
Unit
Individuals, firms, markets and market failure
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Uploaded on
November 17, 2024
Number of pages
1
Written in
2024/2025
Type
Summary

Subjects

  • a level economic

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Market failure

Whats is market failure?

 Market failure is the misallocation of resources within the free
market.
 There is two types of market failure partial market failure and
complete market failure
 Market failure is cause by information failure, monopoly power,
inequalities and and overproduction or underconsumption of merit
and demerit goods
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