Economics A-Level
Demerit goods
What Demerit goods means in Economics A-Level, as defined for AQA.
Definition of Demerit goods
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Reference: AQA
Goods whose long-term private costs consumers may undervalue, leading to a perceived marginal private benefit higher than the actual one.
Topics that use Demerit goods
- Merit and demerit goods (AQA A-Level)
Related terms
- Externalities
- Government intervention
- Imperfect information
- Information failure
- Merit and demerit goods
- Merit goods
- Normative economics
- Value judgement
Using Demerit goods in the exam
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