Markets and Market Failure - Key Points

Key points of AQA unit 1 economics

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Chapter

Details

The Economic Problem

Supply and Demand in Competitive Markets

Elasticity

Prices and Resource Allocation

Production and Efficiency

Market Failure, Public Goods and Externalities

Merit and Demerit Goods, Income and Wealth Inequalities, and Labour Immobility

Monopolies and the Allocation of Resources

Government Intervention in the Market

Comments

Pabodha Marambe

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great notes 

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