Economics B A-Level
Demerit goods
What Demerit goods means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Demerit goods
Check what you remember
Read the wording for your board, then hide it and explain Demerit goods in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Products that are considered harmful to the individual consumer and generate negative externalities in consumption, meaning they impose costs on third parties.
Topics that use Demerit goods
- Market failure in society (Pearson Edexcel A-Level)
Related terms
- Information failure
- Information gaps
- Market failure
- Positive externalities
- Rational decision making
- Resource allocation
- Resource misallocation
- Structural unemployment
Using Demerit goods in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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