Cambridge AS & A Level Economics
1.6Classification of goods and services
Classification of goods and services in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives
What the syllabus expects you to be able to do.
- 1.6.1Define free goods and private (economic) goods.
- 1.6.2Define public goods.
- 1.6.3Define merit goods and explain under-consumption through imperfect information.
- 1.6.4Define demerit goods and explain over-consumption through imperfect information.
Lessons
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Classifying goods: free, private, public, merit and demerit goods
40 min
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Sample question
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