Economics A-Level
Externalities and public goods
What Externalities and public goods means in Economics A-Level, as defined for AQA.
Definition of Externalities and public goods
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Reference: AQA
Causes of market failure illustrated by negative and positive externalities such as aviation emissions and vaccination, and by public goods such as national defence.
Topics that use Externalities and public goods
- The meaning of market failure (AQA A-Level)
Related terms
- Allocative efficiency
- Externalities
- Income distribution
- Inequality
- Market failure
- Market power
- Partial market failure
- Resource allocation
Using Externalities and public goods in the exam
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