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1.8.5 Merit and demerit goods
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Merit goods and under-consumption

Merit goods and under-consumption

A merit good is a good judged to be under-consumed in a free market because consumers underestimate its private benefits. Education, preventive healthcare and vaccination are common examples.

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 covering AQA A Level Economics 1.8.5 Merit and demerit goods for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.