Edexcel AS Economics A 8EC0 · 1.3.2b
Distinction between private benefits, external benefits and social benefits
- Code
- 1.3.2b
- In
- 1.3.2 Externalities
- Topic
- 1 Introduction to markets and market failure
- Course
- AS Economics A 8EC0
- 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 in 1.3.2 Externalities
- 1.3.2a Distinction between private costs, external costs and social costs
- 1.3.2b Distinction between private benefits, external benefits and social benefits
- 1.3.2c Diagram of external costs of production
- 1.3.2d Diagram of external benefits of consumption
- 1.3.2e Impact of externalities and intervention