Y1 22) Types of Market Failure

Y1 22) Types of Market Failure. Video covering all the various types of market failure
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[@user-wq9mw2xz3j]

Literally starts talking about the actual content on the first second, great job

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You're actually unbelievably good at explaining things THANK YOU SIR

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On that playlist soaking up every piece of knowledge i can

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facts

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[@samueljwilson418]

Great video, cheers

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Make some quizzes so we will know how far we understand

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My hero

[@ric6383]

Many thanks.

[@kiranbhat7273]

I appreciate a lot of economics is interlinked but would appreciate separate playlists for different topics

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Thank you Sir

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[@muheeb16]

This is the most awesome video ever and I am from non-economics background.

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i’ve seen more awesome videos than this - ur clearly not watching awesome stuff

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W Vikkstar

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🎉

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💯

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[@guyguy1811]

What topic is labour market failure come under? Looking at a mark scheme and it says "geographical immobility of labour leads to labour market failure". Never heard of labour market failure and can't find it in my Edexcel book

[@phamchi403]

Labour Market is in theme 3 of Year 2 A-level Economics, where there is labour market failure (geographical and occupational immobility)

[@omarhussain9864]

Hey,
Just want to know will there be asymmetric information for demerit and merit goods?

[@mararodriguez2201]

yes

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[@Eugene141]

could someone expand on how public goods could lead to market failure, i didnt really understand the explanation. Great video tho👍

[@the_southern_aviator]

A public good is a non excludable and non rival good (like a street lamp). You can’t stop people from using them and they have no competition. But people don’t pay for street lamps directly to the provider for them to make a profit on it. There is no incentive for a profit maximiser to provide the good, so left to a free market, street lamps probably wouldn’t exist. This isn’t allocatively efficient as the social optimum of available street lamps hasn’t been met. Therefore market failure has occurred.
Might be too late for this reply though 😂

[@Eugene141]

@@the_southern_aviator really helpful cheers

[@Rita-kx1cm]

What about macroeconomic instability ?

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[@__bensmith__4064]

ratio

[@Rita-kx1cm]

What about macroeconomic instability ??