Economics B A-Level
Market intervention
What Market intervention means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Market intervention
Check what you remember
Read the wording for your board, then hide it and explain Market intervention in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Government action to correct market failure, which incurs significant costs such as administrative, enforcement and compliance costs.
Topics that use Market intervention
- Arguments for and against regulation (Pearson Edexcel A-Level)
Related terms
Using Market intervention 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.
Practise Economics B questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics B A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge