Edexcel A-level Economics B 9EB0 · 1.5.1b
Private benefits, external benefits and social benefits
- Code
- 1.5.1b
- In
- 1.5.1 Market failure and externalities
- Topic
- 1 Markets, consumers and firms
- Course
- A-level Economics B 9EB0
- Board
- Edexcel
Grade boundaries·Edexcel command words
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 in 1.5.1 Market failure and externalities
- 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