| A | B |
|---|
| Non-market | A situation where price is not used as an indication of what goods and serices produce or who is to get them |
| Barter | Exchanging a good or service for another good or service without using money |
| Non-profit organisations | Organisations which supply goods and services to consumers at a minimal price to cover costs of production |
| Collective goods and services | Goods and services supplied by central or local government for everyone to use e.g. street lighting, police |
| Welfare services | Services provided by the government or community organisations for those who cannot afford to provide for themselves |
| Public Goods | Goods paid for through taxes. Once provided, everyone can get to use it so a price cannot be charged e.g. street lighting |
| Mixed goods | Commodities like health and education which are provided by the public (government) sector and private sector. A charge can be made but the government provides for those who cannot afford them. |
| Merit goods | Commodities which are considered good for us e.g. education |
| Government agencies | Government organisations which provide collective goods like healthcare and parks |
| Demerit goods | Commodities which are considered bad for us. The government try to discourage their production and consumption through penalties and taxes e.g. sale of tobacco, sale of alcohol |
| Private goods | Goods and services that are paid for by the consumer, and are provided through the market place |
