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The market mechanism, market failure and government intervention in markets

This class was created by Brainscape user Elizabeth Akidi. Visit their profile to learn more about the creator.

By: Elizabeth Akidi
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Decks in this class (10)

How markets and prices allocate resources
What does the price mechanism det...,
State another term for the price ...,
State what the price mechanism th...
10  cards
The meaning of market failure
Define market failure,
Define complete market failure,
Define partial amulet failure
30  cards
Public goods, private goods and quasi-public goods
Define public goods,
In the market are market goods no...,
What may
11  cards
Positive and negative externalities in consumption and production
Define externalities,
Define negative externalities,
Define negativ consumption extern...
18  cards
Merit and demerit goods
Define merit goods,
Define demerit goods,
What type of judgement does decid...
3  cards
Market imperfections
0  cards
Competition policy
0  cards
Public ownership, privatisation, regulation and deregulation of markets
0  cards
Government intervention in markets
0  cards
Government failure
0  cards

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The market mechanism, market failure and government intervention in markets

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