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JC Economics Essay Series #79 – Positive Externality in Consumption & Housing

Domestic Economy, Essays, Exam Skills, Externalities, H2 Econs, Market Failure

JC Econs Essay Positive Externality in Consumption & Housing Full Length Answers  Of all the forms of positive externality in consumption, the market for housing is the least understood. Being one of the most prevalent forms of market failure in the world, you are...

JC Economics Essay Series #78 – Market Efficiency & Subsidies

Essays, Exam Skills, Externalities, H2 Econs, Market Failure

JC Economics Essay Market Efficiency & Subsidies Model Answers  In a laissez faire system, the invisible hand of the free market will, based on the self interest of buyers and producer in a market, lead a market outcome, and that outcome will inevitably benefit...

JC Economics Essay Series #77 – Market Failure & Indirect Taxes

Essays, Exam Skills, Externalities, H2 Econs, Market Failure

JC Economics Essay Market Failure & Indirect Taxes Model Answers  It is a well known fact that the excessive use of plastic carrier bags is a serious environmental problem. The extensive use of mainly single-use bags, oil-based plastic bags is a waste of resources...

JC Economics Essay Series #75 – Demerit Goods & Public Goods

Essays, Exam Skills, Externalities, H2 Econs, Market Failure

JC Econs Essay Demerit Goods & Public Goods Model Answers  While most of you understand what demerit goods, sometimes you do not get to explain how it leads an over-consumption of such goods, as a form of negative externality. Yes, in fact, depending on the...

JC Economics Essay Series #74 – Microeconomic Policies To Address Congestion In Singapore

Essays, Exam Skills, Externalities, H2 Econs, Market Failure

JC Econs Essay: Microeconomic Policies To Address Congestion In Singapore Congestion is, without a doubt, the most severe forms of Negative Externality in Consumption. For the context of Singapore markets, this is the most obvious market failure in Singapore, and you...

JC Economics Essay Series #73 – Smoking & Ban Policy

Essays, Exam Skills, Externalities, H2 Econs, Market Failure

JC Econs Essay Smoking & Ban Policy Model Answers  Being one of the most prevalent forms of market failure in the world, you are expected to be thoroughly familiar for the context of tobacco smoking, as a form of negative externality in consumption. As of writing,...
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March 23rd, 2023

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