Economics 9708 · AS & A Level · 1.6
Explain whether private goods, free goods and public goods would all be sold within a free market economy.
Discuss whether the direct provision of goods and services by the government prevents the price mechanism from working effectively.
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Knowledge and understanding of private goods, free goods and public goods (definitions) — correct definitions can gain up to 2 marks. Guidance examples include free goods (air, sunshine); private goods (food, clothing); public goods (street lighting, defence, police).” …