Cambridge AS & A Level Economics
3.1Reasons for government intervention in markets
Reasons for government intervention in markets in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic21 practice questions1 lesson
Overview
Market failure (defined at 7.3.5-7.3.6 for A Level) is taught in the lesson covered here.
Learning objectives
What the syllabus expects you to be able to do.
- 3.1.1Explain intervention to address the non-provision of public goods.
- 3.1.2Explain intervention to address over-consumption of demerit goods and under-consumption of merit goods.
- 3.1.3Explain why governments control prices in markets.
Lessons
- Full access
Market failure: why markets misallocate resources and why governments intervene
55 min
Join to read every lesson, or see what Full access includes.
Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
Turn Reasons for government intervention in markets into a strength.
Practise with instant marking, see your mastery grow and get a study plan built around your exam date.