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Economics

Study Notes

Explaining Merit Goods

Level:
AS, A Level
Board:
AQA, Edexcel, OCR, IB

What are merit goods?

Merit goods are those goods and services that the government feels that people will under-consume, and which ought to be subsidised or provided free at the point of use so that consumption does not depend primarily on the ability to pay for the good or service.

Merit Goods - Revision Video
The difference between merit and public goods - Revision Video

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