PUBLIC SECTOR. PUBLIC SECTOR V PRIVATE SECTOR Public sector: Public sector: everything that is... owned by the g____ for the benefit of all c____. Private.
Define a merit good Define a demerit good What is the link between these and market failures? Give 5 examples of each. Explain ways in which.
Market Failure Types of Market Failure. Learning Objective: describe the concept of market failure and explain the reasons for its occurrence define.
Market Failure: Public Goods
