Public Goods and Market Failure I A Level and IB Economics

Описание к видео Public Goods and Market Failure I A Level and IB Economics

Why do we need a state? The fundamental question links closely to the issue of who should provide goods and services known as public goods. There is a risk of complete market failure – or missing markets – if the state does not provide public goods. How strong are the arguments for increased government spending on public goods. We explore these issues and raise some important evaluation arguments in this video.

#aqaeconomics #ibeconomics #edexceleconomics

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