A2 Economics Flashcards on Part 1.6: Revisiting market failure and government intervention in markets, created by Alex Maas on 03/01/2017.
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Created by Alex Maas
about 7 years ago
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Market failure
Complete market failure
Partial market failure
Missing market
Private good
Property rights
Public good
Non-excludability
Non-rivalry
Non-rejectability
Free-rider problem
Quasi-public good
Externality
Negative externality
Positive externality
Production externality
Consumption externality
Demerit good
Merit good
Moral hazard
Adverse selection
Government failure
Competition policy
Competition and Markets Authority
Public ownership
Privatisation
Contractualisation
Marketisation
Public-private partnership
Private finance initiative
Regulation
Deregulation
Regulatory capture
