Market Failure, Externalities, Government Intervention

?
Market Failure
aesd
1 of 5
Externalities
Effect on a third party from production or consumption
2 of 5
Private Costs and Benefits
The costs and benefits of producing a product
3 of 5
Social Costs & Benefits
The costs or benefits to BOTH the company and thrid parties (E.g. Including Pollution)
4 of 5
Merit/Demerit Goods
Merit-
5 of 5

Other cards in this set

Card 2

Front

Effect on a third party from production or consumption

Back

Externalities

Card 3

Front

The costs and benefits of producing a product

Back

Preview of the back of card 3

Card 4

Front

The costs or benefits to BOTH the company and thrid parties (E.g. Including Pollution)

Back

Preview of the back of card 4

Card 5

Front

Merit-

Back

Preview of the back of card 5

Comments

No comments have yet been made

Similar Economics & Business Studies resources:

vocab
See all Economics & Business Studies resources »See all Market Failure resources »