Introduction to Market Failure

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7 жыл бұрын

Markets are thought to be the most efficient system for allocating society's scarce resources. However, what if markets FAIL to achieve the efficiency we so desire as a society? Market failures arise when the free market quantity is either greater than or less than the "socially optimal" quantity of a good.
This lesson introduced different ways markets may fail to achieve a socially optimal level of output. In part 2 of this lesson we'll explore in more detail one type of market failure: negative externalities of production.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.com/?page_id=5870

Пікірлер: 21

@user-vi2zx7qo4z 2 жыл бұрын

Thanking you for explaining this so well and not trying to charge students like other channels try to

@kotekmoyang12345 7 жыл бұрын

Hi from Singapore taking my alevels on Tuesday thanks a lot

@haweyorashid9419 5 жыл бұрын

I love your music it made me dance, and I love your energy; thank you so much for the videos very helpful

@jom5852 4 жыл бұрын

This is very well explained. Thank you for the video!

@daisychan3026 6 жыл бұрын

Thank you for your lesson!

@aakashpatel2755 7 жыл бұрын

Thank you so much! from india fgiving my first sem (IB) tomorrow

@Mh-pn9zz 7 жыл бұрын

Love it aakash !!

@christopherrigopoulos5593 7 жыл бұрын

Yep yep keep digging deep Aakash!

@felipebucci6552 6 жыл бұрын

man, you saved my skin so many times tnx

@firdoussagar6060 7 жыл бұрын

Teaching of high class, just fabilious

@brianhills7913 7 жыл бұрын

Just wondering, what graph could you use to show income inequality Market failure? And how could the govt intervene to help correct it?

@christopherrigopoulos5593 7 жыл бұрын

Well, look Metty, it's all about November next year. I can't tell you at this stage. 90% of what you learn is done at home!!

@sujatasharma2391 2 жыл бұрын

Thankyou so much Sir...from India 🇮🇳

@noahyays9156 3 жыл бұрын

Wow thanks man just saved my life

@zarifbinarab3740 7 жыл бұрын

thanks dude this was really helpful

@dzshorts857 6 жыл бұрын

we will pass

@user-ev4cu4sf4b Жыл бұрын

Thank you🙏

@francayub 6 жыл бұрын

thanks

@wompwompjigger 4 ай бұрын

ooooohooohoooo that's ice cold

@sureshsambhari4739 6 жыл бұрын

Can u add subtitles as every one cant understand american accent

@AmuZah 3 жыл бұрын

holy hell you type fast