Economics A-Level
Environmental market failures
What Environmental market failures means in Economics A-Level, as defined for AQA.
Definition of Environmental market failures
Check what you remember
Read the wording for your board, then hide it and explain Environmental market failures in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Market failures linked to common access resources such as the atmosphere, oceans or unregulated grazing land, which lack clear private property rights.
Topics that use Environmental market failures
- Public goods, private goods and quasi-public goods (AQA A-Level)
Related terms
- Capacity constraints
- Excludability
- Free-rider problem
- Non-excludability
- Property rights
- Quasi-public good
- Quasi-public goods
- Technological change
Using Environmental market failures 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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