This mind map explains the different types of market failure causes It provides definitions, analysis, diagrams and detailed explanation for all the different types of market failure It explains; Negative externalities, demerit goods, positive externalities, merit goods, information failure, tragedy of the commons, monopoly power, income inequality, public goods and asymmetric information perfect for any 15 and 25 markers on types of market failures and explaining these wit A* knowledge...

This mind map provides all the information required for the different market failure policies and great for writing 25 markers It explains the analysis for each policy, diagrams, UK context and lots of different evaluation for each policy Explains in detail; taxation, subsidies, regulation, state provision, information provision and price controls A must for any market failure 25 markers Perfect for writing 25 markers, as has analysis, evaluation, diagrams and context

AQA-Level Economics consists of four modules: year 1 (3.1 & 3.2) and year 2 (4.1 & 4.2). 3.1 The Operation of Markets and Market failure corresponds to first year microeconomics

Market failure notes