Classification of goods and services

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Tom D.

University of Warwick - BSc Economics

A-level examiner. Panel judge of the Royal Economics Society essay competition. Former BBC News senior producer.

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The videos below are from the YouTube channel Enhance Tuition. Subscribe to keep up to date with the latest videos.

Free goods, public goods and private goods

This video explores what is meant by the terms free goods, public goods, private goods and the ‘free rider problem’.

Merit goods, demerit goods and externalities

This video explains what merit and demerit goods are, why they are over or under consumed and briefly touches on positive and negative externalities. .

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