Analyse how the UK government used policies and funding to improve access to merit goods, and how it discourages and reduces access to demerit goods, providing real examples of UK government interventions and strategies.
Private vs. public goods in the UK and social welfare This assessment focused on the difference between private goods, which can be efficiently provided by markets, and public goods, which markets fail to supply in an equitable way to the public. Merit and demerit goods will also be considered in order to analyse their positive … Read more