AS Paper 1, June 2022Introduction to Markets and Market Failure
AS Paper 1, June 2022, Q1(b)
Explain why flood defences such as those in the Calder Valley are usually provided by the public sector.
Short answerExplain3 marks
Context
Since 2015, the government has invested £74 million on a flood defence scheme in the Calder Valley. The scheme will protect homes, businesses and jobs.