Economics A-Level
Market failure and equity
What Market failure and equity means in Economics A-Level, as defined for AQA.
Definition of Market failure and equity
Check what you remember
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Reference: AQA
Objectives governments pursue through intervention, with equity improved by shifting resources towards lower-income households.
Topics that use Market failure and equity
- Government intervention in markets (AQA A-Level)
Related terms
- Economic systems
- Equity
- Externalities
- Government failure
- Government intervention
- Policy evaluation
- Price mechanism
- Public expenditure
Using Market failure and equity in the exam
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