Eco Correcting Market Failure Demerit Goods

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  • Created by: Beswick26
  • Created on: 05-10-16 13:05
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  • Demerit Goods & Negative Externalities
    • Negative Advertising
      • Reality shock - people realise the effects
      • Can be obscene
      • Not everybody pays attention
    • Offer Substitutes
      • Easier for people to do the right thing
      • Creates jobs
      • Might not be aware or want to purchase substitutes
    • Tax
      • State has more money
      • Puts people off buying them
      • People won't want to pay it
      • They may still buy the goods
      • Quality might fall
    • Education
      • Puts ideas in people from a young age
      • Costs money
      • Won't work

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