Economics A-Level
Public Goods and Market Absence
What Public Goods and Market Absence means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Public Goods and Market Absence
Examination of non-excludability and non-rivalry, which creates the free-rider problem and results in the complete failure of the market to provide essential services.
Topics that use Public Goods and Market Absence
- Market failure (Pearson Edexcel A-Level)
Related terms
Using Public Goods and Market Absence in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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