ZIMSEC O-Level Economics
6.18Market failure and government intervention
Overview
Listed in the topic list (6.18) and in the Paper 1 and Paper 3 content of the specification grid, but the scope and sequence and the competency matrix give it no content. The sub-topics are ours, taken from the glossary terms (public goods, private and social costs and benefits, ad valorem tax, privatisation, market failure).
In this topic
Lessons
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Market failure: public, merit and demerit goods
25 min
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Private, external and social costs and benefits
30 min
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Indirect taxes and subsidies in product markets
30 min
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Regulation, privatisation, nationalisation and direct provision
25 min
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Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
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