IGCSE Economics Chapter 2.8-9 Market economic system and market failure (Updated for 2027 syllabus) скачать в хорошем качестве

IGCSE Economics Chapter 2.8-9 Market economic system and market failure (Updated for 2027 syllabus)

#IGCSEEconomics #MarketFailure #EconomicsRevision Master IGCSE Economics Chapters 2.8 and 2.9 with this comprehensive Market Economic System and Market Failure tutorial, updated for the 2027 syllabus, covering all the essential keywords you need: market economic system definition, advantages of market system, disadvantages of market system, market failure definition, public goods, merit goods, demerit goods, private benefits, external benefits, social benefits, private costs, external costs, social costs, monopoly, causes of market failure, consequences of market failure, misallocation of resources, over-consumption, under-consumption, non-provision of public goods, and monopoly power abuse. This video uses clear explanations and real-world examples to help you understand how market systems work and why they sometimes fail to allocate resources efficiently. Perfect for IGCSE students who want to master market systems and market failure concepts, excel in their exams, and confidently answer questions about economic systems and resource allocation problems! 00:00 - Intro 00:11 - The market economic system 00:39 - Advantages 01:03 - Disadvantages 01:28 - Market failure and government intervention 01:39 - Public goods 01:57 - Under provision of public goods 02:45 - Merit goods 03:21 - Under production of merit goods 03:42 - Demerit goods 04:12 - Over consumption of demerit goods 04:27 - Monopoly power 04:46 - Abuse of monopoly power