Economics GCSE

Government Failure

What Government Failure means in Economics GCSE, as defined for Pearson Edexcel.

Definition of Government Failure

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Read the wording for your board, then hide it and explain Government Failure in your own words. Rough notes are fine. This is a self-check, with no mark or grade.

Reference: Pearson Edexcel

When government intervention leads to a net welfare loss and a deeper misallocation of resources than the original market failure.

Pearson Edexcel · Government intervention (study guide)

Topics that use Government Failure

Government intervention (Pearson Edexcel GCSE)

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Using Government Failure in the exam

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