Eco Correcting Market Failure Demerit Goods
- Created by: Beswick26
- Created on: 05-10-16 13:05
View mindmap
- 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
- Negative Advertising
Similar Economics resources:
Teacher recommended
Teacher recommended
Comments
No comments have yet been made