What you’ll learn4 learning objectivesChoose one objective for a focused lesson, or study the complete topic.1.6.1Free and private goods• Nature and definition of free goods and private goods (economic goods)Syllabus objective1.6.2Public goods• Nature and definition of public goodsSyllabus objective1.6.3Merit goods• Nature and definition of merit goods: under-consumption as a result of imperfect information in the marketSyllabus objective1.6.4Demerit goods• Nature and definition of demerit goods: over-consumption as a result of imperfect information in the marketSyllabus objective