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Merit Goods and Under-Consumption

Merit Goods and Under-Consumption

A merit good is a good that is under-consumed in a free market relative to the socially desirable level. Examples commonly include education, healthcare and vaccinations.

1.8.5 Merit and demerit goods Lesson

  1. A Level
  2. /Economics
  3. /1.8.5 Merit and demerit goods

Step-by-step lessons on AQA A Level Economics 1.8.5 Merit and demerit goods. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons