It's both, really. It's a government intervention in that it's a policy put forth by the government, but the solution itself is driven by market forces and the profit motive. It's an example of a "market-based public solution" as we'd say in economics. Market-based solutions are almost always better than command and control policies. Markets do an infinitely better job at allocating scarce resources compared to governments.
Your channel is the Netflix of IB economics
same for A level
You’re the savour carrying me through my alevels
Likewise 😇😇
thanks to you i wont be getting beat
this guy knows his stuff
Legend!!!! Got ma exams in 10 days and this is saving meee!!!
I am not ok 😭
You got AS
Econplusdal has a big wood
Faxs
His pp is an underconsumed good, it needs more subsisdus to increase quantity supplied
Seems like dal has been busy.. hickeys?!!!
man is maximising his private benefit causing a negative externality on his marriage
@shahi4827 this mad
Amazing video, really well explained!
Quality Points Dal! Huge thanks!
We never learnt this in school but its so interesting
GOAT
Such a good video
u r a godsend
please be my father
Well Done,
Thank you ser but can you teach me bark the merit goods
hamza 🙏🙏🙏
Have my a level micro exam in 2 days someone @ me in some years ask me how it went
How it go?
@@neekersseker5755 micro went ok but macro was so easy
@@InfinityTornado this is nice to hear update us for results day?
@@hi-pg9bp sure
results day update?
Legend
Is this a free market concept or government intervention?
gov intervention to tackle market failure
It's both, really. It's a government intervention in that it's a policy put forth by the government, but the solution itself is driven by market forces and the profit motive. It's an example of a "market-based public solution" as we'd say in economics. Market-based solutions are almost always better than command and control policies. Markets do an infinitely better job at allocating scarce resources compared to governments.
goat
0:44
Sir what's your name?
Dal
@@georgebuckley284 oh tenks!
@@georgebuckley284 btw can know that you and him from same country? :)
@@kimareum3906 he is from the UK and so am I
@@georgebuckley284 oh okay that's great well I'm from India and few days ago I got to know him through a RUclipsr.
wear clothes in your next vid if u need rescuing
wana become best friends ??