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Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government. 1. What is the Free Market? (Capitalism). 2. 5 Characteristics of Free Markets. Little government involvement in the economy. (Laissez Faire = Let it be)

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1.86k views • 72 slides
Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government. 1. What is the Free Market? (Capitalism). 2. 5 Characteristics of Free Markets. Little government involvement in the economy. (Laissez Faire = Let it be)

★ ★ ★ ★ ★

883 views • 72 slides
Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government. 1. What is the Free Market? (Capitalism). 2. 5 Characteristics of Free Markets. Little government involvement in the economy. (Laissez Faire = Let it be)

★ ★ ★ ★ ★

732 views • 72 slides
Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government. 1. What is the Free Market? (Capitalism). 2. 5 Characteristics of Free Markets. Little government involvement in the economy. (Laissez Faire = Let it be)

★ ★ ★ ★ ★

848 views • 71 slides
Externalities: Problems and Solutions

Externalities: Problems and Solutions

Externalities: Problems and Solutions. Chapter 5. 5.1 Externality Theory. 5.2 Private-Sector Solutions to Negative Externalities. 5.3 Public-Sector Remedies for Externalities. 5.4 Distinctions Between Price and Quantity Approaches to Addressing Externalities. 5.5 Conclusion.

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873 views • 47 slides
Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government. 1. Market Failure #2: EXTERNALITIES. What are Externalities?. An externality is a third-person side effect. There are EXTERNAL benefits or external costs to someone other than the original decision maker.

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303 views • 29 slides
Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government. 1. Review 1. What is an Externality? When EXTERNAL benefits or external costs are on someone other than the original decision maker. 2. Why are Externalities Market Failures?

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545 views • 27 slides
Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government. 1. Review 1. What is an Externality? When EXTERNAL benefits or external costs are on someone other than the original decision maker. 2. Why are Externalities Market Failures?

★ ★ ★ ★ ★

287 views • 27 slides
Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government

Unit 6: Market Failures and the Role of the Government. 1. Market Failure #2: EXTERNALITIES. What are Externalities?. An externality is a third-person side effect. There are EXTERNAL benefits or external costs to someone other than the original decision maker.

★ ★ ★ ★ ★

291 views • 27 slides

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