Edexcel International GCSE (9–1) Economics 4EC1 · 1.1.5.e
Concept of market failure – linked to inefficient allocation of resources
- Code
- 1.1.5.e
- In
- 1.1.5 The mixed economy
- Topic
- 1 Microeconomics and Business Economics
- Course
- International GCSE (9–1) Economics 4EC1
- 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 1.1.5 The mixed economy
- 1.1.5.a Definition of mixed economy
- 1.1.5.b Definition of public and private sector
- 1.1.5.c Public and private sectors compared
- 1.1.5.d Solving the basic economic problem in a mixed economy
- 1.1.5.e Concept of market failure – linked to inefficient allocation of resources
- 1.1.5.f Market failure and government intervention
- 1.1.5.g Public goods and the free rider problem
- 1.1.5.h Roles of the public and private sectors in production
- 1.1.5.i The relative importance of public sector and private sector in different economies
- 1.1.5.j Definition of privatisation
- 1.1.5.k Effects of privatisation