market failure
market failure
Glossary micro and macro economics
The following text is used only for educational use and informative purpose following the fair use principles.
We thank the authors of the texts that give us the opportunity to share their knowledge
Economics
Definition of market failure
market failure : the inability of the free market to provide public goods over- or underallocation of goods/services that have negative/positive externalities used to justify government intervention.
Source: http://college.vatc.edu.vn/attachments/article/152/Glossary%20-%20Micro&Macroeconomics.doc
Web site link: http://college.vatc.edu.vn/
Author : not indicated on the source document of the above text
Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of market failure
Meaning of market failure
This is the right place where find the answers to your questions like :
Who ? What ? When ? Where ? Why ? Which ? How ? What does market failure mean ? Which is the meaning of market failure ?
What does market failure mean ?
Alanpedia.com from 1998 year by year new sites and innovations
Main page - Disclaimer - Contact us