top of page
types of goods
The secret to scoring awesome grades in economics is to have corresponding awesome notes.
A common pitfall for students is to lose themselves in a sea of notes: personal notes, teacher notes, online notes textbooks, etc... This happens when one has too many sources to revise from! Why not solve this problem by having one reliable source of notes? This is where we can help.
What makes TooLazyToStudy notes different?
are clear and concise and relevant
is set in an engaging template to facilitate memorisation
cover all the important topics in the O level, AS level and A level syllabus
are editable, feel free to make additions or to rephrase sentences in your own words!
Looking for live explanations of these notes? Enrol now for FREE tuition!
Demerit goods, on the other hand, are those products that are worse for the individual consumer than the individual realises.
Due to information failure, demerit goods tend to be
For example, when a person makes a decision to smoke, he is not fully in possession of all of the information concerning the harmful effects of smoking.
Passive smoking can also cause negative externalities.
This causes costs to non-smokers in the form of discomfort and respiratory problems where there is extensive exposure.
bottom of page