Edexcel A-level Economics B 9EB0 · 1.5.1

Market failure and externalities

Code: 1.5.1
In: 1.5 Market failure and government intervention
Topic: 1 Markets, consumers and firms
Course: A-level Economics B 9EB0
Board: Edexcel

Codes and titles are read by a script from Edexcel's published specification and have not been checked by a person. What each point covers is in the specification itself: Edexcel’s specification.

Points under 1.5.1

1.5.1a Private costs, external costs and social costs
1.5.1b Private benefits, external benefits and social benefits
1.5.1c Costs and benefits from the production and consumption of goods and services
1.5.1d Strength of the market economy
1.5.1e Weaknesses of the market economy

Points in 1.5 Market failure and government intervention

1.5.1 Market failure and externalities
1.5.2 Government intervention and failure