Why Governments Intervene in Markets: Fixing Public Goods, Merit and Demerit Goods & Price Controls
Автор: 3aukcom
Загружено: 2026-01-12
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👉 Read our full blog article on Reasons for government intervention in markets: https://3auk.com/reasons-government-i...
Ever wondered why governments step in to fix market failures? In this video, we break down the non-provision of public goods like national defense, tackling over-consumption of demerit goods like sugary drinks via taxes, boosting under-consumed merit goods like education with subsidies, and using price ceilings and floors for essentials. Perfect for A-Level Economics students revising government intervention, market inefficiencies, and social optimal outcomes.
⏱️ Timestamps:
00:00 Reasons for Government Intervention in Markets
00:17 Addressing the Non-Provision of Public Goods
00:38 Addressing the Over-Consumption of Demerit Goods and the Under-Consumption of Merit Goods
01:17 Controlling Prices in Markets
💬 Questions or Comments?
What’s your take on government price controls or public goods? Drop your thoughts below!
#aleveleconomics #economics101 #marketfailures #publicgoods #meritgoods #pricecontrols #microintervention #APMicro #IBEconomics #econquickreview
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