Market failure and externalities

The meaning of market failure and an introduction to one of its major causes: positive and negative externalities.
#aleveleconomics #ibeconomics #aqaeconomics #ocreconomics #edexceleconomics #economicsrevision #marketfailure #externalities

[@Jack-zm8cg]

This was incredibly explained, great video!

[@princessnazaha1374]

Thanks a lot for ur detailed explanation. It really helped me to prepare better for my exams.🤗

[@after_bell]

Glad it helped!

[@iliketacos6067]

Thank you greatly

[@engenie4584]

we got tasked to report abt this topic, your video greatly helps like sriously, thank you sir!!!

[@charlottebergogne]

Thank you for this great video! it's crystal clear

[@harveygarrard3694]

Thank you so much helped clear up some grey areas before my test, keep going :)

[@after_bell]

Good luck in the test!

[@aak2453]

Great video!

[@nanduchenu]

Superb explanation 👍👍

[@pournamipooja9624]

Thank you,,, It helped😊

[@varaidzomupotaringa7016]

Thank you

[@gexrgez467]

Good video man, keep it up :)

[@after_bell]

Thank you!

[@zeze9062]

thank you so much sir, clear explanation. Appreciated!

[@after_bell]

You're welcome!

[@mikebinali6902]

This is helpful, thanks much

[@after_bell]

You're welcome!

[@shathiphirinyane909]

For diagram regarding the negative externalities isn't s1 supposed to be the pinkish line and P1 and Q1 the blue one, even with the positive externalities D1=Blue line, P1 and Q1 blue line?

[@after_bell]

Negative externalities mean that full social cost is higher than private cost, meaning supply curve would be further to the left if external costs are considered.
With the positive externalities social benefit is higher than private benefit, if the external benefits were fully accounted for the demand curve would be further to the right

[@shathiphirinyane909]

@@after_bell Thank you so much🙏🏽

[@engr.tayyabhassan9471]

O chachu sada english vich hth tng e 😹