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Economics cover artwork
  1. A Level
  3. Economics AQA

Economics

Economics cover artwork
  1. A Level
  3. Economics AQA
  5. 1.8.2 The meaning of market failure

1.8.2 The meaning of market failure

Spec 7136

Revise AQA A Level Economics 1.8.2 The meaning of market failure with the question bank, lessons, revision guides, and flashcards.

Market failure occurs whenever a market leads to a misallocation of resources. • The difference between complete market failure (resulting in a missing market) and partial market failure (where a market exists but contributes to resource misallocation).

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