Private vs. private goods in the UK and social welfare
Task 2: 45/100 marks (900+ words)
1. Using economics theories from Krugman & Wells textbook (2020, 5th
edition), and current UK examples from the past three years (2018-2021),
discuss merit and demerit goods in the UK market.
Analyze real-life examples of merit and their positive impacts on society, and contrast this with analysis of demerit goods in the UK and their negative impact on
society.
2. Analyze 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.
3. Explain whether you believe that the UK government interventions does or
did not effectively address the fair provision of merit goods. Include relevant
examples and references from the UK from the past three years (2018-2021),
UK news, and UK government publications to support your explanations.